DECCAN BEARINGSLIMITED

DPI

~ ~ 1 s o 9 0 0 i : n o o s c o n n ~ ~ ~ ~BEARINGS

REGD. OFF : 31 51321, PROSPECT CHAMBERS,

2ND FLOOR, DR. D N ROAD, FORT, MUMBAI-400 001 (IhiilA)
TEL.
: (91) (22) 2285 2552 12204 4159
FAX
. (91) (22) 2287 5841
E-mail
infoQdeccanbearings com
Webs~te. www.deccanbearings corn
CIN NO. : L29130MH1985PLC035747

I
I

~
I

Date: 2gth October, 2016

To,

The Corporate Relations Department,

Bombay Stock Exchange Limited,

PJ Tower,

Dalal Street, Fort,

Mumbai- 400 001.

Dear Sir/ Madam,

Ref: - Scrio Code: 505703

Sub: Outcomeoft_he Board Meetina.

I

We are pleased to inform the Stock Exchange that the Board of Directors at their meeting held today
i.e. on 2gth October, 2016 at Registered Office of the Company situated at 315 / 321, Prospect
Chambers, 2"d floor, Dr D N Road Fort, Mumbai - 400001 has transacted the following Business:
e

Approved and adopted Un-audited Financial Result along with Limited Review report for the
Quarter and Half year ended 3oth September, 2016 and the statement of Assets and Liabilities
as on that date.

II
0

Consented and approved to conduct Postal Ballot to dispose off Leasehold land and
dilapidated Building Construction of the Company which is left unused since Period of 16
Years which is situated at Halo1 GIDC Dist. Vadodara in Gujarat.
I

Kindly acknowledge the receipt of the same.

Part l

Particulars

I(Rs. In Lakhs)
STATEMENT OF UNAUDITED RESULT FORTHE QUARTER AND SIX MONTHS ENDED 30/09/2016
13 months
I~receding3 l~orrespondil ~ e atro date
ended
ng 3 months figures for
months
(30/09/2016) ended
ended in the current
(30/06/2016) previous
. period
year
ended
(30/09/2015) (30/09/2016)

(Unaudited) (Unaudited)

(Refer Notes Below)

l ~ e atro date l~revious

figures for
year ended
the previous (31/03/2016)
year period
ended
(30/09/2015)

(Unaudited) (Unaudited) (Unaudited)

I

(Audited)

1 lncome from Operations

(a] iUet Sales/lncome from Operat~ons(Net of exctse duty)

ib] Other Operating Income

Total Income from Operations (Net)

2. Expenses

(dl Cost of Mater~alsConsumed

(b) Purchase of stock-tn trade

(c) Changes tn inventortes of fln~shedgoods, work-~n-progress

and stock ~n-trade

47.82
2 75
50.57

56.33
0.34
56.67

28:95

39.06

80.81

80.39

1 1

32.68
3.35
36.03

104.15
3.09
107.24

79.46
30.79
110.25

53.04

161.20

120.92

143 28
52.61
195.89

(d) Employee benef~tsexpense

(el Deprec~at~o~i

and amortlsatlon
expense
(f) Other expenses (Any item exceed~ng10% of the total expenses
relatlng to contlnulng operations to be shown separately)
Total Expenses
13. Profit/ (Loss) from operations before other income, finance
costs and exceptional items (1-2)
4 Other Income
5. Profit/(Loss) from ordinary activities before finance costs
and exceptional items (3-4)
6 F~nance
Costs
7. Profit/(Loss) from ordinary activities after finance costs but
before exceptional items (5+6)
8 Except~onalItems
9. Profit/(Loss) from ordinary activities before Tax (7t8)
10 Tax Expense
11. Net Prof~t/(Loss)from ord~naryactivities after Tax (9*10)

12. Net Profit/(Loss) for the period

13 Pad up equtty share capttal (Facevalue of the Share of
Rs 101 e a ~ l i )
14 Reserve excluding Revaluat~onReserves as per balance sheet
cf prevlous accounting year

15. Earnings per share (before extraordinary items)

(of Rs.101- each (not annualised) :
(a) Ras~c
(b) Dtluted

209.1 6

(30.24)

(23 72)

(17.01)

(53 96)

(10.67)

(13.27)

(30.24)
0.06

(23.72)
0.08

(17 01)
0.17

(53 96)
0.14

(10.67)
0 37

(13.27)
0.63

(30.30)

(17.18)

(13.90)

(17 18)

(54.10)
29.20
(24.90)

(11.04)

(30 30)

(23.80)
29.20
5.40

(11.04)

(13.90)
(3.33)

(30 30)
(30.30)

5.40
5.40

(17.18)
(17.18)

(24.90)
(24.90)

(11 04)
(11 04)

(10.57)
(10.57)

218 33

218.33

218.33

218 33

218.33

218.33
90 68

(1.39)
( 1 39)

0.25
0.25

(0 79)
(0.79)

(1.14)
(1.14)

(0.51)
(0 51)

(0 48)
(0.48)

r--

ANNEXURE lX

STATEMENT OF ASSETS AND L19BILITIES

1
Part~culars

1.

(Rs. In Lakhas)
I AS at
30.09.2016 31.03.2016
(Unaudited)
(Audited)
AS at

Shareholders' funds
(a) Share cap~tal
fh) Reserves and surplus

(c) Money recetved agalnst share warrants

Sub-total Shareholders' funds

2. Share application money pending allotment

3. Non-current liabilities
(a) Long-term borrowlngs
(b) Deferred tax l ~ a b ~ l ~(net)
t~es
(c) Other long term l~ab~lit~es
(d) Long-term provlslons

Sub-total Non-current liabilities

I.Current liab~lities
(a) Short-term borrow~ngs

ibr Trade payables

re) Other current l ~ a b ~ l ~ t ~ e s

id) Short-term provlslons

Sub-total Current liabilities

TOTAL E Q U l N AND LIABILITIES

B. ASSETS

1. Non-current assets

(a) Fixed assets

(b) Goodw~llon consolidat~on*
(c) Non-current investments
(d) Deferred tax assets (net)
(e) Long-term loans and advances
(f) Other non-current assets

Sub-total Non-current assets

2. Current assets
(a) Current ~nvestnients
(b) lnvehtor~es
(c) Trade recevables
(d) Cash and cash equivalents
(e) Short term loans and advances
(0Other current assets
Sub-total -Current assets
TOTAL -ASSETS

67 29

73 61

1 21

1 21

2 63
73 84
144 97

2 69
82 63
160 14

10 00
70 74
42 89
64 93
35 42
0 86
224 84
369.81

67 92
40 84
110 17
9 95
0 86
229 74
389.88

Notes:
(I) The Unaud~tedF~nanc~al
Result was rev~ewedby the Audit Committee and approved at the meetlng of the Board of Directorsof

the Company held on 29 10 2016

(11)F~guresfor the prevlous per~odsare re-classified/re-arranged/re-grouped, wherever necessary, to correspond w ~ t h

the current per~od's

class~f~cat~on/d~sclosure

1111)Segmental reporting as defined In Account~ngStandard 17 IScons~derednot appl~cable.

(IV) Prov~s~on
for taxat~onas per Actount~ngStandard 22, if any will be prov~dedat the end of the year.

Place Mumba~

Date 29 10 2016

DIN: 00108607

D- V. VORA & CO.

Chartered Accountants
36, BHANGWADI SHOPPING ARCADE, lST
FLOOR, KALBADEVI ROAD, MUMBAI - 400 002

Telephone # 2200414 2 1 22004 143

E-mail: dilipvoraca@hotmail.com

Review Report t o

Board of Directors

Deccan Bearings Limited

We have reviewed the accompanying statement of unaudited financial results of Deccan Bearings Limited
for the period ended 30 September, 2016. This statement is the responsibility of the Company's
Management and has been approved by the Board of Directors. Our responsibility is t o issue a report on
these financial statements based on our review.
We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400,
Engagements t o Review Financial Statements issued by the Institute of Chartered Accountants of India.
This standard requires that we plan and perform the review t o obtain moderate assurance as t o whether
the financial statements are free of material misstatement. A review is limited primarily t o inquiries of

company personnel and analytical procedures applied t o financial data and thus provides 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 t o our attention that causes us t o believe that
the accompanying statement of unaudited financial results prepared in accordance with applicable
accounting standards and other recognized accounting practices and policies has not disclosed the
information required t o be disclosed in terms of Regulation 33 of the SEBl (Listing Obligations and

is closure Requirements) Regulations, 2015 including the manner in which it is t o be disclosed, or that it
contains any material misstatement.

Yours faithfully,
For D. V. VORA & CO.
Chartered Accountants

v w
Place: Mumbai
Date: 29/10/2016

D. V. Vora
Partner
Membership No.30013