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Standalone Financial Results, Limited Review Report For December 31, 2016 (Result)
Standalone Financial Results, Limited Review Report For December 31, 2016 (Result)
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No. 506, Kolkata - 7Oo
03?6'
it Suit 6, Watertoo Street,
;rl(ZgilZ]i.|il; W;'b ,-***.ashirwadsteels.com, clN : L51eOeWB1e86PLco4o2o1
Date: 20.01.2017
Dear Sir,
Sub:
1. The Board of Directors has accepted the resignation letter of Manisha Chopra
from the post of
Company Secretary & Compliance officer of the company and she shall cease to be so
effective from
21" Januarv ,2017 .
2. The Board of Directors has also appointed Mr. Nikhil Deora as the new Company Secretary &
Compliance Officer of the company w.e.f. 21't January,2O!7.
The aforesaid approved financial results for the Quarter ended 3I.1,2.2016 along with Limited
Review Report of the Statutory Auditors are being sent to you online as an attachment to this letter
and are also being uploaded on the Company's Website: www.ashirwadsteels.com and an extract of
the same in the prescribed format is also being published in the newspapers forthe information of
the shareholders/investors.
Thanking you,
Yours faithfully,
For Ashirwad Steels stries Ltd.
Dalbir Chhibbar
CA. A radhan
E : ashokesther@rediffmail'com
Limited Review Report
We conducted our review in accordance with the Standard on Review Engagements (SRE)
2400, Review of Interim Financial Information- Performed by the lndependent Auditor of the
entity issued by the institute of Chartered Accountants of India. This standard requires that
we plan and perform the review to obtain moderate assurance as to whether the Statement
is free of material misstatement. A review is limited primarily to inquire of company
personnel and analytical procedures applied to 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 to our attention that causes us
to believe that the accompanying statement of unaudited financial results prepared in
accordance with applicable accounting standards and other recognised accounting practices
and policies has not disclosed the information required to be disclosed in terms of Regulation
33 of the SEBI (Listing Obligation and Disclosure requirements) Regulations, 2015 including
the manner in which it is to be disclosed, or that it contains any material misstatement.
Pradhan '
bership No:053543
: Kolkata
20th January,2o!7
ASHIRWAD STEELS & INDUSTRIES LIMITED
Regd Office I 6 Waterloo Street,Room No:506 sth Floor, Kolkata-700069 (W B) CIN : 151909W81986P1C040201
Iele Fax (o33)22430375, Email : ashirwadsteels@gmail com, Web Site : WWW,ashirwadsteels.com
PART | :STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DEC, 2016
Rupees in Lacs except for earning per share
Quarter Ended Nine Months Ended For Previous
SL Year Ended
PARTICULARS
No
2 Expens es
a) Cost )f material Consumed
b) Purc ase of Slock-in-trade
Je in inventories of finished Goods,work-in-progress, stock
in trade & Raw materials /o J I 78 31 84 53
d) Emp )yees Benefit Expenses 845 14 42 476 50 89 19 26 25 40
:ciation & amortisation Expenses 15,81 15 81 16 20 47 35 48,60 62 89
l) Other Expenses 18.58 26 77 18 47 56 79 196 86 218 09
Total E rpenses tal 15 57.00 39.43 233.34 264.72 390.91
ProfiU( ,oss) from operations before other income, finance (27.811 (37.50) (17.68 (101.00 (1se.47) (303.e1 )
3 cost ar I exceptional items.(1 -2)
4 Other I lcome 73.23 53.92 73.4( 205.36 236.39 317.49
5 ProfiU( oss) from ordinary activities before finance cost and 45.42 16.42 55.7 t 104 36 36.92 13.58
excepti )nal itams.(314)
Notes:
1 The ab 'e results were reviewed by the audit Committee and taken on record and approved by the Board of Directors in their meeting held on Friday 20th
Jarruan 1017 Ihe Statutory Auditors have carried out a Limited Review of the above Financial Results,
2 the otr 'ational performance of the company during the quarter continue to be adversely afflected due to reasons beyond the control of the management
which i rralia include unaffordable prices of Raw materials and sluggish markel conditions for sponge iron in the country resulting in unremunerative selling
pflces
3 I'he Co pany mainly operates in "lron & Steel" segment only and hence there is no other reportable segment as per AS-17