J.C. BHALLA & CO. CHARTERED ACCOUNTANTS BRANCH OFFICE 8.5, SECTOR-6, NOIDA. 201 301 (U.P. TEL So 12624241000, FAX. +91"120-4241007 Limited Review Report mai taeaiS@vsal com Review Report to The Board of Directors Triveni Engineering & Industries Ltd Noida 1. We have reviewed the accompanying statement of unaudited financial results of Triveni Engineering & Industries Ltd for the quarter and nine months ended December 31, 2014, being submitted by the Company pursuant to the requirement of Clause 41 of the Listing Agreement except for the disclosures regarding “Public Shareholding” and “Promoter and Promoter Group Shareholding” which has been traced from disclosures made by the management and have not been reviewed by us. This Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibilty is to issue a report on the Statement based on our review. 2. We conducted our audit in accordance with the Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information performed by the Independent Auditor of the Entity’ issued by the Institute of Chartered Accountants of India. A review of Interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards of Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit, Accordingly, we do not express an audit opinion, 3, 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 specified under the Companies Act, 1956 (which are deemed to be applicable in respect of Section 133, of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014) and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement with the stock exchange including the manner in which it is to be disclosed, or that it contains any material misstatement. Le “oy oa HEAD OFFICE : B-17, Maharani Bagh, New Delhi- 110065 Tel, +91-11-26847416, 41551155, 26842255We did not review the financial results of three branches of the Company considered in the preparation of the Statement and which constitute total revenue of % 6524 lacs and % 20690 lacs and net profit before tax of € 314 lacs and @ 576 lacs for the quarter and nine months ended December 31, 2014 respectively. These financial results and other financial information have been reviewed by other auditor whose reports have been furnished to us. Our conclusion on the Statement, to the extent they relate to these branches, is based solely on the reports of the other auditor. For JC Bhalla & Company Chartered Accountants Firm Regn.No.01111N Se Place : Noida Membership No.80051 dae Lb 19 Jo Wweg. omce! Benue schaunuinarParrh 207684 aes i "ain aaah ae ‘Sra | swoarare | SiaaOTs | —SinaRoTe | —SaraBTS | — sane oavaid | Yoneied | United | Unaudited | Unauaind | _avones (a) et Stn ne Hom Oporto Net eso a seoae| 48810) 59005 181080 ‘518088 1) Or Open sone 142 8 28 288 Tot! icome trom Operations et) sors | assan | se0se 315996 (by Purctass of tock 358 a 318 1028, 65 7289 vara| —svoe1| 7601 res00 sso19 «e782 | (crepes tents exence sere] aaa | aoe 10758 10046 2153 | (ocpaoaten ane rotaton pean Fao Na No.2) vasa] 1513) toa 4460 $996 878 | otenmn sponse tte Ho) 432/ asa8] (1233) (260s) (9563) 1087 |_Lroreenenee ros| esas |__se79 9502 6843, 40013 Total pense sasr | arver| tat 5100 | sst626 ‘208s2 {Profil (Lom) tom Operations bow Ofer Income, | Fane cons nt Exepional ems (12) (2400)] —224sy] (2087) ra) ar78 (6516) 16 onerincame 282 30 28 1307 1761 2920 |5 Prot (Lest) tom ontinary acts bear Finance costs | ana exceptional tame (34) eran] cats] 1639) (23ss (2018 (2596) |e Fence cons rsa] 2006] 2475 ast 10320 0823, 17 Prof (Low) from oninary aces ater Finance cots ‘ba blo Excaptonlitems (4) ses5)) ata] 4119 (rrz45] (12035) att) (2 ProfLon) rom orinary actin before Tax (74) osm) aera] att (rxza5] (e503 srs) [io Tax Expense Nurs ah etaoar ara es3}| 1318) 284 473) (ose 450 [1_Net Protons tom orsinay aches ater Tax(5-10) ,0026)| 090] 2229) cama] r04a 15278] 12 Pad uo Eauty Sar Cpt Fae Vatu 1) zero 2578) 2578 2579 2579, 2578 [Reser excl Revalaion Reserve a pe | reve accounting yur 18750, | re sae) rt aman | t@eancene) (149) 120] 1.25] eon ers) (52 {27d 698) c148}] (120 125] eon] en) 22]Se namin ri ann Monts ne 10304 — Tae] ae aa ean Sa aaa | ae matit | unas | ysetes | means | greener | nucne | Noon comes Sime] anna Sear cm) sur] sur Parag Se at ot sheeting o a A : ‘ 4 imaae | Fearguvenceregsnegane "Fira] aa] aa aru] sszu| ane asaud) sr uaz soca] coms] asa (e205) san] rots ‘ee es} “i300 "8 "076 08 |__qte| rasa ‘a0 ose 8. eass}) eas vassn] aes 883) ms| yea) air 108 te8 sos a (an hi a) szo| se) ‘1239 ate 28 (omer 2 ra ‘ “06 28 20 | Tear wes} iso] —cesn] ‘aean] ata] 10s Lee) Ite cee zt} aot | 2078, fast | tsz0 523 1) report eee (Canine : : - (oa22 (a322] "homer UnteaneEapersnre a 7 ] ‘a34] 8 otal rte] bare Ta (sss), arn or crea 3. Capital Employes Sesrncries Coenwatin stot) “tuaae| rar ts | Seve? ‘erat (@)Eosineecna ‘cu rea} ron] rat 123 rs eon ‘ee wis3| saror| 1607 sea | see? wor (romere sec| 1336) 356 A ae ae Capt Empioye in Semen ‘sores | —verort| — 467 ‘area | taaser | 10000 ‘2 Una hen bee reson) “trars| “3 ecoz | ‘19008 ‘20 neu mens “al rave | waar | —ea800 “rare | ——sexana | so0s0oNotes Place: Date In view of the seasonal nature of company’s sugar business, the performance results may vary from quarter to quarter, The useful lives of the fixed assets have been revised in accordance with Schedule II to the Companies Act, 2013. Accordingly, the depreciation charged for the nine months ended December 31, 2014 is lower by % 1386.62 lacs. The carrying amount in excess of residual value of the assets (net of deferred tax), the revised useful lives of which had expired prior to 01.04.2014, shall be deducted against the opening reserves a) Cost of material consumed for the quarter and nine months ended 31.12.2014 is net of ¥ 2793 lacs being the cane subsidy at the rate of, ® 6 per quintal provided by the UP State Government for the crushing season 2013-14. b) The State Government of U.P. has, inter-alia, announced a subsidy upto & 28.60/qt! of cane purchased for the Sugar Industry for the season 2014-15, linked to the average selling prices of sugar and its by-products during the period 1.10.2014 to 31.05.2015. Pending final determination of sugar and by-product prices during the aforesaid period, the Company has, in the interim, accounted for a subsidy of 7 8.60/qtl of cane purchased For the purpose of quarterly / nine months financial results, off-season expenses of sugar and co-generation units have been deferred for inclusion in the cost of production of the relevant products to be produced in the remaining part of the year. ‘As the previous accounting year was of eighteen months, the figures for corresponding nine months ended December 31, 2013 ate derived by aggregating the figures for the quarters ended June 30, 2013, September 30, 2013 and December 31, 2013. The figures of previous periods under various heads have been regrouped to the extent necessary. The above results were reviewed and recommended for adoption by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on February 12, 2015. The statutory auditors have carried out a limited review of the above financial results, for TRIVENI ENGINEERING & INDUSTRIES LTD Bsa Noida Dhruv M. Sawhney February 12, 2015 Chairman & Managing DirectorJ.C. BHALLA & CO. CHARTERED ACCOUNTANTS BRANCH OFFICE. 8S, SECTORS, NOIDA -201 301 (U.P.) TEL 491 1264241000, FAX | -91°120-4241007 EMAIL Iowaid@verl com Limited Review Report Review Report to The Board of Directors Triveni Engineering & Industries Ltd Noida 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Triveni Engineering & Industries Ltd Group comprising Triveni Engineering & Industries Ltd. (the ‘Company’), its subsidiaries and the associates (together, the ‘Group’), for the quarter and nine months ended December 31, 2014 (the “Statement’), being submitted by the Company pursuant to the requirement of Clause 41 of the Listing Agreement, except for the disclosures regarding ‘Public Shareholding’ and ‘Promoter and Promoter Group Shareholding’ which have been traced from disclosures made by the management and have not been reviewed by us. This Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review. 2. We conducted our audit in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information performed by the Independent Auditor of the Entity” issued by the Institute of Chartered ‘Accountants of India. A review of Interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards of Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 3. The statement includes the financial results of the wholly owned subsidiaries of the Company, namely, Triveni Engineering Ltd, Triveni Energy Systems Ltd, Triveni Entertainment Ltd, Bhudeva Projects Ltd, Savastida Projects Ltd and share of income of its associate companies, namely Triveni Turbine Ltd and Aqwise-Wise Water Technologies Lts. HEAD OFFICE : B-17, Maharani Bagh, New Delhi- 110085 Tel. : +91-11-26847416, 41551155, 268422554. a) The Statement reflects the Company's share of income of & 557 lacs and % 1701 lacs for the quarter and for nine months ended December 31, 2014 respectively relating to its associates — Triveni Turbine Ltd and Aqwise - Wise Water Technologies Ltd. and profit after tax of € 1 lac and & 2 lacs for the quarter and for nine months ended December 31, 2014 of the subsidiaries Triveni Engineering Ltd, Triveni Energy Systems Ltd, Triveni Entertainment Ltd, Bhudeva Projects Lid and Savastida Projects Ltd. The accounts of the above mentioned Associates and Subsidiaries are unaudited. Accordingly, our assurance on the Statement in so far as it relates to the amounts included in respect of above companies is based solely on the unaudited financial results which have been furnished to us. b) We did not review the financial results of three branches of the Company considered in the preparation of the Statement and which constitute total revenue of & 6524 lacs and % 20690 lacs and net profit before tax of % 314 lacs and 2 576 lacs for the quarter and nine months ended December 31, 2014 respectively. These financial results and other financial information have been reviewed by other auditor whose reports have been furnished to us. Our conclusion on the Statement, to the extent they relate to these branches, is based solely on the reports of the other auditor. 5. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in accordance with the Accounting Standards specified 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 accounting principles generally accepted in India and has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreements with the Stock Exchanges, including the manner in which it is to be disclosed, or that it contains any material misstatement. For J C Bhalla & Company Chartered Accountants irm ini ee 2 (Sudhir Mallick) Partner Place pee Membership No.80051 Date: /e4. J) Jeli‘Seem of onslaed aadie ey rthe OsarrapNie Month Ede a ae AG oe a Rd ‘awe suonaore | SiR | —sivaaene aivaars | simaaive nuded | unas | nnsttes | versie | ascins "aint uence ton Oper tec 7) seaze| 45610 50028 se1000| 157795, 315068 tierce ra 1 38 Es 2a | TEs eA al ese om Opes arnt | sesas | —soosa | ——set000 | —tavaso | viene (neocons cnn ttn 830) aso cars| ssosa | asnez | stugo | atasae (Sipsemestonaensse so| “zeae ‘exe | as ‘283 | Seunpopmransenanene rare} svosr| zest] 7a4aa | acote| eave (cierto ene as} “sees| —"Saou) Taree | Sones Br (Servos mecnn pen ree wea] 313] eee ‘uco | 'Sea8 iiere (onsen xcs ton No aoa] can] 235] eo] sen] fone ee rics| _‘esze| ‘Sore teeau | fanaa | _dooia Tree wrert | —arree | —evsot | ——restoz | —vevene | zone [Fret ons is Opin br arco Fate Catn nt apna ems (8 00 am) ozae) arma] sn [+m on rom ornay contre Fe ca ‘natsopnrtne oth 927 sa] asco] sen) sey [7 en ram ray eles ate Fann conte Sethe ceptor nme) (cee 4asn) ——crsean| 12800), 21866) '» rename had oe 12 2a * proton eranay athe aoe a 08) s8s0) asm) isa) aes) fe Tass nen atone 5) (eon] “aera “Gasn] aso} 11 trey tom ena stn Ta 19) (225) 373) auar) cosa) tae) ‘sre ss = wor] ae 28 z 7 ae aa Ze fr Prot oy ea hor tren an tance err) tazen] ers sro] esas] 0730), 17600) wre] 2570) 2878 re) are] aa fnmctne zn} 051s} ese] arn (eae) roams (2n} cap] te} se] fa (eas)1 Pcs Pec Selig [2 moni ant ensure Shaws (sme tamer atom ue am a ser rors ga) Poca Se ore tan Norton tn nageee | “saa | Sonne SARS | aaa | SR | Sesase ae ravens | Uninet | unasies | Yonsies | Vonons | snind ‘Sims Abs boner 5) ( Esneioa | con 14208 | = 2501 oa (ane - | a eng = = |e | ats | stone | anton | ana | ——stsse tsa] zoan| a8] e505] 90 oo ‘36 fexo| soe | ast) iieen| ssn] 395] ms| m| an tose] 108s dao Tra] an {gen torn S| ea] us] tan] te ‘cones = o| “m| oo| tae a Seer] “ome| Sere] Gasr] Soa 1 Serpe one . ea] ‘hone bueanetpeste joe] isn] isn ‘a tna a (eee Lee “tarot to Ta eaa| ——aae| ae 289 [casa Enea Sua Ale oa Stn ists tsrer terer|“eiss Sey fer toeea| re er ase aa89 rasa | Tet a zea2 na n a8 as Biss] danse ‘ae ego emt ee ‘aier ‘war | aoe ‘nc evo “aad S78 1576 “77s | aaNotes 1 In view of the seasonal nature of company's suger business, the performance results may vary from quarter to quarter. ‘The useful ives of the fixed assets have been revised in accordance with Schedule Ilo the Companies Act, 2013. Accordingly, the depreciation charged for the nine months. ‘ended December 31, 2014 is lower by @ 1386.62 lacs. The carrying amount in excess of residual value of the assets (net of deferred tax), the revised useful lives of which had expired prior to 01.04.2014, shall be deducted against the opening reserves. a) Cost of material consumed for the quarter and nine months ended 31.12.2014 is net of € 2793 lacs being the cane subsidy at the rate of © 6 per quintal provided by the UP State Government for the crushing season 2013-14 b)The State Government of U.P. has, inter-alia, announced a subsidy upto € 28 60/atl of ‘cane purchased for the Sugar Industry for the season 2014-15, linked to the average selling prices of sugar and its by-products during the period 1.10.2014 to 31.05.2015. Pending final determination of sugar and by-product prices during the aforesaid period, the Company has, in the interim, accounted for a subsidy of € 6.60/atl of cane purchased For the purpose of quarterly / nine months financial results, off-season expenses of sugar ‘and co-generation units have been deferred for inclusion in the cost of production of the relevant products to be produced in the remaining part of the year. ‘The unaudited standalone results of the Company are available on the Company's website www.trivenigroup.com, website of BSE (www.bseindiacom) and NSE (waw.nseindia.com). Summarised standalone financial performance of the Company is as under Zintacs Simons ended ‘Tmonthis ended 18 months ended 31.12.2014 | 80.08.2074 | 31.12.2013 | 31.12.2014 | 81.12.2018 | S1/0372074 _| Unaudited | Unaudited | Unaudited | Unaudited | Unaudited | Audited [ Net Sales 58171 45548 | 59054 161308 | 157850 | 315336, Profit(Loss) before tax (5859) caaa)| (4113) | __ (11246; (e903) | _(16737) Profit(Loss) | after tax (3826) (3004) | (3229) (7773)| (7042) (15278) 6. As the previous accounting year was of eighteen months, the figures for corresponding nine months ended December 31, 2013 are derived by aggregating the figures for the quarters ended June 30, 2013, September 30, 2013 and December 31, 2013. The figures of previous periods under various heads have been regrouped to the extent necessary ‘The above results were reviewed and recommended for adoption by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held ‘on February 12, 2016. The statutory auditors have carried out a limited review of the above financial results for TRIVENI ENGINEERING & INDUSTRIES LTD. Pes Place: Noida Dhruv M. Sawhfey Date: February 12, 2015 Chairman & Managing Director