Indiabulls Wholesale Services Limited

August 12, 2016

Scrip Code - 533520

IBWSL

BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,

National Stock Exchange of India Limited.

'Exchange Plaza'
Bandra-Kurla Complex,
Bandra (East)

Sub: Submission of Unaudited Financial Results of Indiabulls Wholesale

Services Limited
for the quarter ended June 30,2016, arong with Limited Review Report thereon
Dear Sirs,

Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing

obligations and Disclosure Requirements) Regulations, 20l (..Listing Regulations',), we
enclose hereto, for your information and record, the unaudited itunautoio" aid consolidated
financial results of Indiabulls wholesale services Limited (..the company") for the quaner
-company
ended June 30, 2016, duly approved by the Board of Directors oi the
at its
meeting held today i.e. August 12,2016.

we also submit herewith Limited Review Reports dated August 12, 2016, issued by the
Statutory Auditors of the Company, on the standalone and consolidated financial results,
respectively, ofthe company for the said quarter, which were duly placed before the Board
at the aforesaid meeting, which commenced at 4:00 p.m. and concluded at 4:55 p.m.

Thanking you,
Yours truly
For Indiabulls Wholesale Services

Limited

Company Secretary

Indiabulls Wholesale Services Limited

(ctN: tt1101DL2oo7pLc166209)

Corporate Office: "lndiabulls House", ,14&451,.Udyo-g Vihar, Phase-V Gurgaon - 122 016 (Haryana). Tet.: (0124) 3989555, Fax: (0124) 66811f1
Rosirtorrd offico: M62 & 63. Firsr Floor, connausl#1ffiji,:i,"?il,;,,i,1,r""Sl ret.: (011) 3o2s2soo. Fax: (oli ) 3o2s2eo1

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cgnRreRED AccouNTANTS
508, lndra Prakash,21, Barakhamba Road, New Delhi - 110001
Phones : 23730880/1 Fax r011-43516377
E-mail : info@apnco.org

lort
The Board of Directors
Indiabulls Wholesale Services Limited
\X'e harc rericrved the

acc.mpenting statemenr of Consoliclated Unaudited -t inancial jlesults

C-ompanv,,) and its subsidiaries
(the Holding Companr. and its. .subsicliaries toge ther relerre
d to- as ' ,,the Gror.,p,,) for the
Quartcr e'ded .f u,e 30, 2016 ("the statement")f being subm.rtred br, thc H.ldins ComDan'
prusuinl t(l lhe rcqulrcment of Rcguiarron .lj of rhe SERI (Lrsrrng ( )L[gerir,ns
on.iDis.l<rrrr.
Reqr"rilemcnts) Regulations, 2015. This Staremcnt rvhich is
th. ,".po,r.ibitiru .r ,rr. rr"ia-g
Companv's \Ianagement and apptr>r.cd bI thc lloard of
Dircctors, has been
_
with thc recog'itron and ,.,-reasur.ment principles laid do.*n in ;r;p;
i.iu.,no.rg
1..ot:,tnl."Standard fr;r Inte'im Financial Reporting (AS 25), prcscribcd
under scction 133 of thc
Companics -\ct, 2013 rcad witrr ,.1"..n,.ri' rure, iss,.,ccr ther.c
undcr and othcr accor.l1.*'rrl
pflnciples scnerali\-accepted in Indn. ()ur responsibihtl
is tr, issue a rcport (rn th. Stat"ment
based on our rer.icl..

of Indiabulls Wholesale Services Limited (,,the Holding

_

our rcvie* in acccrrdr'ce *irl.: rhc Srlntlard .' llevrc*

F,ngagemenrs lSRFir
I-imn ju/ lluo.nrltliln ptnornrtl !,1. rfu
j: ,ir- C'rr)Ji.
..tr,hputtlut, ,l,,a7ir7
issued bv thc Institute of chartcred Ac.ou.r,rrri..
of India. This standard ...r",,..-,lrui .o. oron
and pcrfo'm the re'ieu'to obtein m.derate assurance
n.,o,uh",ir.,. il.r"'ii",.-.", '* i..i .,
matcrial rnisstatement. _{ rcvieu, is lilmtcd p-rnnardl
to incluir:ies of Holding

Y,:,:"i,1r:,.a
14lU, l<iri y ot ln/eitn

Corl.p^n,,
petsonnel and anah-tical proccdures, applied ro financial
data arru thus pror-rdcs less assurancc
than an audit. \\'c har.e not perforned an nutlir ancl
accordinglt,, ,uc du not
nudi,
opl111On.

"rpr"., "r,

'fhe Sratcment includcs

the results of thc folkrwing entitie

1. Indiabulls Wholesale Scn,ices Lr.mited

2. Store Onc lletarl lndia Limitccl
-1. Storc One Infra

Res<>urccs

.1. ,\lbasta \\.holcsale

Limitccl

Scn.iccs l.inritccl

5. Lucina Infrastructure Limitcd

6. Sentia Properties Lirnited
7. X.fahabala Infracon prir-ate Limited
8. ,{.shr. Stud and Agdcultural F,arms Lrmited
9. Atmid Ariation Scn ices Limitecl

s:

to our attention that causes

us to believe that the accompanving Statement, prepared in accordance with the aforesaid
Accounting Standards and other accoundng pnnciples generallv accepted, in India, has not
disclosed the information required to be disclosed in terms of Regulation 33 of the SERI
(I-isting Obligations and Disclosute Requiements) Regulations, 2015 including the mannet in
which it is to be disclosed, or that it contains any material misstatement'
Based on our review conducted as stated above, nothing has come

FORAGARWAL PRAKASH & CO.

CHARTEREDACCOUNTANTS
Firm's Registration No,: 005975N

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PARTNER
Membership No.: 097848
Place: GURGAON
Date: 12th August, 2016

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5O8, Indra Prakash,21, Barakhamba Road, New Delhi - 110001

Phones : 23730880/1 Fax : 011-43516377

E-mail : info@apnco.org

Independent Auditors' Review Reoort

The Board of Directors
Indiabulls S/holesale Services Limited

vc

har-e re'icwed the accompanr.i'g Statement of Standalone

Unaudrted Financial rtcsults
of Indiabulls wholesale Services Limited ("the (-.mpanr'") for
thc euarter endcd June
30' 2016 ("thc statement") berng
b'thc
Companv pLrlsuant to the requ'en-rcnt
_sub-mittcd
of Rcgulation 33 of thc SEBI
(J.isting Obligatir>ns and' Disclosure n.q"r";rir;
Regulations, 2015 This sratcmenr *'triih is the rcsponsibir-rw
of the 'c,r-oonuj.
Nlanag_ement and appror.ed b' the Board of Direct.ts,
has been pr"po..J _
wlth the rccognition and measurement principles raid ,orvn in Accounting "-..;;td;;;
standard fot
Inte-rim Irinancial.Reporting (AS 25), pre.scribe, undet scction
133 of the c"ompanics Act,
2013 read with rele'ant rules issued thcrc undet and
other accounting ptincipres generanv
accepted in I'dia. our responsib itv is t. issuc a report
o'r the Stat-ement bo."i on .r'

revlew.

we conducted our revie*' oF thc Statemcnt in accordance *,rth the Sta'dard

on Rer.icrv
F'ngagemenr (sRll) 2110, "R,..rti,t,.of Inlerin lrintuujtt/ Irtfonnarion petfomed
thc
Inlafuntlenl
fu
'ltditor ol the F,nit1" issued b' thc l.stitutc of Chaiitered .\ccountanrs of lndia. .t.his
standard requiles that rvc plan ancl pctform the rn'ierv to obtain
moclcratc assurance es to
rvhethcr the Statcment is frec of material misstatcmcnt. A r..ierv
is limitcd primar.ilv to
tnquiries of Companv personncl and anal'tical proccdures
applied to fina.ciar data and
thus prorides lcss assurancc than an audit. i'c ha.i'e n.t pcrformed
an audit and

accordinglv, rr'e do not exprcss an audit opinion.

Based on
czuses us

our rer-icrv conductcd as stated above, nothing has come to our

attention that
to belic'c that tl're ,ccompln'ing Sr;rtement, prepared in accordance *,rth
thc
aforesaid .\ccounting Standards ,r,i oih..-."..ornting principles
gcnerally accepted rn
India' has not disclosed thc informati.n rcquired to b. i..rrr",l
in t.r-, of Reguratron 33
,1: ,U,nt ilisting Obiigations and Disckrsurc Requtements) Regulations, 2015
.
ltrncrudrng
,
thc manncr m
* hicrr it is to be disclosed, or that it .o'rtoii. anv material

rTusstatemcnt.

FORAGARWAI PRAKASH & CO.

CHARTERED ACCOUNTANTS
Firmrs Registration

VIKAS AGGARW
Membetship No.: 097848
Place: GURGAON
Date: 12th August, 2016