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it p0id !p eqliry rhle optdloid ttr0 d$(iorc onpory il/3.tom(o
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313

LIMITED REVIEW REPORT

The Board of Directors


Ramco lndustries Limited
Rajapalayam

1. We have reviewed the accompanying statement of standalone unaudited


financial results of Ramco lndustries Limited("the Company") for the Quarter/
Half-year ended 30th September 2014 {"the statement"), being submitted by the
Company pursuant to clause 41 of the Listing Agreement with the stock

the disclosures in Part ll of the statement regarding 'Public


shareholding' and 'Promoter and Promoter Group shareholding' which have been
traced from disclosures made by the manbgement and have neither been
reviewed nor been audited by us. This Statement, which is initialled by us for
ident;fication, is the responsibility of the Company's management and has been
approved by the Board of Directors. Our responsibility isto issue a repofton the
Statement based on our review.
Exchanges except for

2.

We conducted our review of the Statement in accordance with the Standard on


Review Engagements (SRE) 2410, 'Review of lnterim Financial lnformation

Performed by the lndependent Auditor 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 Statement is free of
material misstatements. A review is limited primarily to inquiries of Company
personnel and analytical procedures applied to financial data and thus provide
less assurance than an audit. We have not performed an audit and accordingly we

do not express an audit opinion.

3.

to our attention that


causes us to believe that the accompanying statement prepared in accordance
with recognition and measurement principles laid down in Accounting Standard
25 'lnterim Financial Reporting' notified under the Companies Act, 1956 (which
are deemed to be applicable as per section 133 of the Companies Act, 2013, read
with Rule 7 of the Companies (Accounts) Rules, 2014) and other recognised
Based on our review conducted as above, nothing has come

v-v

accounting practices and policies has not disclosed the information required to be
disclosed in terms of Clause 41 of the Listing Agreements with stock exchanges
including the manner in which it is to be disclosed, or that it contains any materia-l

misstatemenl.

4.

We have only traced the disclosure regarding 'Public Shareholding and Promoter

and Promoter Group Shareholding' in the Statement from the disclosures made
by the Management and are, therefore, not expressing a review opinion thereon.

For M.S.Jagannathan & N.Krishnaswami


Chartered Accountants
Firm registration No. 0O1208S

b ' tr-'r'-1"'ct-1

K-sriMvasan
Partner
Membership No. 021510

Chennai
06-Nov-2014

For CNGSN &Associates

Chartered Accountants
Firm Resistration No. 004915S

lk/

[a/. rrn'-

-t

C.N.Gangadaran
Partner
Membership No.011205

LIMITED REVIEW REPORT

The Board of Directors


Ramco lndustries Limited
Rajapalayam

1. We

have reviewed the accompanying statement of consolidated unaudited

financial results of Ramco lndustries Limited, its subsidiaries and associate ("the
Group") for the Quarter/ Half-year ended 30thSeptember 2014 ("the

statement"), being submitted by the Company pursuant to Clause 41 of the


Listing Agreement with the Stock Exchanges except for the disclosures in Part ll of
the statement regarding 'Public Shareholding' and 'Promoter and Promoter
Group Shareholding' in Ramco lndustries Limited, which have been traced from
disclosures made by the management and have neither been reviewed nor been

audited by us. This Statement, which is initialled by us for identification, is the


responsibility of the Group's management and has been approved by the Board
of Directors of Ramco lndustries Limited. Our responsibility is to issue a report on

the Statement based on our review.

2.

We conducted our review ofthe statement in accordance with the Standard on

Review Engagements {SRE) 2410, tleview of lnterim Financial lnformation


Performed by the lndependent Auditor 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 statement is free of


material misstatements. A review is limited primarily to inquiries of Group's
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.

3.

The results of asubsidiary for the Quarter

Half-year then ended was reviewed

ofthe company and


the report, results and other financial ;nformation have been furnished to M/s
CNGSN & Associates, the joint auditors of Ramco lndustries Limited. The opinion
by M.S.lagannathan & N.Krishnaswami, statutory auditors

of cNGsN & Associates in this respect is based on such furnishings.

\^

4. The results of the associate company for the Quarter

Half-year then ended was

reviewed by CNGSN & Associates, statutory auditors ofthe associateand the

report, results and other financial information have been furnished to


l\y'.S.Jagannathan & N.Krishnaswami, joint auditors of Ramco lndustries Limited.
The opinion of M.S.Jagannathan & N.Krishnaswami, in this respect is based on
such furnishings.
Based on our review conducted as above, nothing has come to our attention

that

to believe that the accompanying Statement prepared in accordance


with recognition and measurement principles laid down in Accounting Standard
25 'lnterim Financial Reporting' notified under the Companies Act, 1956 (which
are deemed to be applicable as per section 133 ofthe Companies Act, 2013, read
with Rule 7 ofthe Companies (Accounts) Rules,2014)and other recognised
accounting practices and policies has not disclosed the information required to be
disclosed in terms of Clause 41 of the Listing Agreements with stock exchanges
including the manner in which it is to be disclosed, or that it contains any material
causes us

misstatement.

the disclosure regarding'Public Shareholding and Promoter


and Promoter Group Shareholding'of Ramco lndustries Limited in the Statement
from the disclosures made by the Management and are, therefore, not

6. We have only traced

expressing a review opinion thereon

For M.S.jagannathan & N.Krishnaswami

For CNGSN &Associates

Chartered Accountants
Firm registration No. 001208s

chartered Accountants
Firm Registratiqn No. 0049155

A,ArY-\ao-7
K.Srinivasan

Paitner
Membership No.021510
chennai
06-Nov-2014

.u,..'

e4L'{"-t*

C.N.Gangadaran
Partner
Membership No.011205

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