Indiabulls Wholesale Services Limited

May 6,2016
Scrip Code -533520
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,

MUMBAI _4OO

IBWSL
National Stock Exchange of India Limited,
'Exchange Plaza'
Bandra-Kurla Complex,

OOI

Bandra (East)
MUMBAI _ 4OO 05I

sub: submission of Audited Financial Results of Indiabulls wholesale services

Limited for the quarter and financial year ended March 31, 2016, atong with
Audit Report and Form-A.

Dear Sirs,

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

Obligations and Disclosure Requirements) Regulations, 2015 (..Regulations;), w;
enclose hereto, for your information and record, the audited standalone and consolidated
financial results of Indiabulls wholesale Services Limited (..the company") for the
quarter and financial year ended March 31, 2016, duly approved by thi Board of
Directors of the company at its meeting held today i.e. May 6,2016, along with Form A
(i.e. Unmodified Report, on the standalone and consolidated Audited Finaniial Results of
the Company for the year ended March 31,2016).

we also submit herewith Audit Report dated May 6, 2016, issued by the statutory
Auditors of the company, on the standalone and consolidated financial results of thi
company, for the financial year ended March 31, 2016, which was dulv nlaced before the
Board at the aforesaid meeting.

Thanking you,
Yours truly,
For Indiabulls Wholesale Services

Limited

Ttf
l-

Ptiya Jaftr

Compatit Secretary
Encl: as above

0CI33??
Indiabulls Wholesale Services Limited
Cotporato Offlce: "lndiabulls House",,148-451 Udyog Vihar, Phase-V, Gurgaon - 122 016 (Haryana). Tet.: (0124)6681199 Fax: (0124)6681111
Rosbtored office: M-62 & 63, First Ftoor, conne!ilfliii*"rli."#,;110 001. ret.: (011) 3o252eoo, Fax: (011) 3o2s29ol
CIN : 151

01

0L2007PLC'i66209

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CHARTERED ACCOUNTANTS
508, Indra Prakash,21, Barakhamba Road, New Delhi - 110001
Phones : 23730880/1 Fax I 07I-43516377
E-mail : info@apnco.org

Auditor's Report on consolidated Annual Financial Results ofthe company pursuant to the
Regulation 33 ofthe SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015

To The Board of Directors of Indiabulls Wholesale Services Limited

1.

we ha'e audited the consolidated annual financial resu.lts of Indiabulls wholesale Sewices
Llmited ("the Holding Company") and its subsidiaries (the Holding Company and its
subsidiaries together referred to as "the Group"), for thc r.car cnded March 21, Zne (,,tt-r.'
statement"), being submitted by the Holding Companl, pursuant to the rcquirement of
Regulation 33 of the SEBI (Listing obhgations and Disclosure Requirements) Regr,rlations,
2015. These financial results have been prepared on the basis of the annual financial
statements and reyiewed quarterly hnancial results upto thc cnd of thc third quarter rvhich
are the responsibiliryt of the companv's Management. our responsibrlity is to exprcss rn
opinion on these financial results based on our re'iew of financial results for ih" ni.r.
months period ended Decembcr 31,2015 which rvas prepared in accordance with the
1:cogflron and measurement principles laid dorvn in Accounting Standard (AS) 25, Interim
Financial Repordng, as specified undcr Section 133 of the -Lct, read *nth Rule 7 of the
companies (Accounts) Rules,2014 (as amended) and othet accounting pnnciples generally
accepted in India; and our audit of the annual financial statements rvhich ha'e bccn oreoared
in accordance
accorrndng principles generally accepted in lndia, including the
''ith thespeciEed
Accounting Standards
under Section 133 of the Act, read with Rule 7 of the
Companies (Accounts) Rules, 2014 (as amended).

we

conducted our audit in accordance srth the Standards on Au<lirins issued b' the
Institute of chartered Accountants of india. Thosc Standards require that rve nlan and
perform the audit to obtain reasonablc assurance about rvhether the financial results are tree
of material misstatement. An audit includcs cxamining, on a test basis, e'idence supporting
the amounts disclosed in financial results. An audit also includes assessing th" acio,,,nti.r!
principles used and significant estirnates made by the management. \\'e believe that our audil
ptovides a teasonable basis for our opinion.
3.

In our opinion and to the best of our informarion and according to the explanations givcn to

us. these financial results:

/i\ includes

the frnancial results of Store one Retail India Limited, Store one Infra

Resources Limited, r\lbasta \\''}rolesale Sen"ices Limitcd, I-ucina Infrastrucrure Lirrrited,

Sentia Properties Limited, Mahabala Infracon prir-ate Limtte d, Ashv Stud and
Agricultual Farms Limited and A'rnid A'iation Sen,ice s Limited as at a.d for rhe vear
ended lrlarch i'l .2016

(ii) are presented in accordance rvith rhe requirements of l{egulation 33 of the SIil}I (I-isdng
Obligations and Disclosure Requiremenrs) Regulations 2015 in this regard; and

(iii) gives a cue and fair view of the consolidated net pto6t and other financial infotmation

for the yeat endedMarch 37,2076.

4.

The Statement includes the results for the Quarter ended March 37,2076 being the
balancing figure between audited figures in respect of the full dnancial yeat and the
published year to &te figures up to the third quattet of the curent financial year which
were subject to limited review by us.

Fot Agarwal Pnkash & Co,

Chatteted Accouatants
Firm's Registtation No.: fi)5975N

Vikes
Membership No.:
Place: Gurgaon

Date May 6,2016

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AccoUNTANTS
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Q.a'.

ERED

508, Indra Prakash,21, Barakhamba Road, New Delhi - 110001

Phones : 23730880/1 Fax :011-43516377
E-mail : info@apnco.org

Auditor's Repott on Standalone Annual Financial Results ofthe company pursuant to the
Regulation 33 of the SEBI (Listing Obligations and Disclosute Requitements) Regulations, 2015
To The Boatd of Directors of Indiabulls Wholesale Services Limited
1.

We have audited the standalone annual financial results o[ Indiabulls Vholesale Services
Linited ('the Company"), for the vear ended N{arch 31,2016 (',the statement',), being
submitted by the Company pursuant to thc requirement of Regulation 33 of the SEBI
(Listing obligations and Disclosure Requirements) Regulations, 2015. 'fhese financial results
have been prepared on the basis of the annual financial statements and revierved quarterly
hnancial results upto the end of the third quartet which are the responsibiJ-rry of rhe
company's IManagement. our responsibiliw is to express an opinion on these financial
results based on our tevierv of financial results for the nine months period ended December
31, 2015 which rvas prepared in accordance with the recognition and measurement principles
laid down in Accounting Standard (AS) 25, Interim Financial Reporting, as specified under
Secuon 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 (as
amended) and other accounting principles gencrallv accepted in Indra; and our audit of the
annual financial statements rvhich have been prepared in accordance rvith thc accou'tinq
pnnciples generally acceptcd rn India, includrng the r\ccounting StandarJs specrfied under
Section 133 of the Act, read with Rulc 7 of the Companies (Accounts) Rulcs, 2014 (as
amended).

We conducted our audit in accordance rvith rhc Standards on Auditinq issued br, rhe
Institute of chartered Accountants of Indra. Those Standards require th:r we plan and
perform the audit to obtain reasonable assurance about whcrhcr thc Starem"nt rs free of
material misstatement. An audit inch,rdes examining, on a test basis, er-idence supporting the
amounts disclosed in the sratement. r\n audit also indudes assessing the
principles used and significant e stimates made by the management. \\'e believe that"..ount_rng
our audii
provides a reasonable basis for our opinion.
3.

In our opinion and to the best of our information and according to the explanations given to
us, financial results:

(t

in accordance with the rcquircments of llegulatron 33 of the SEBI (Iistinta

Ob)igations and Disclosure Rcquirements) Regulations 2015 in rhis rcgard; and
are presented

('i) glves a true and fair view of the net profit and othcr financial information for the year
ended I'farch 31, 201.6.

4. The Statement includes the results for the Quarter ended March 37,2076 being the
figure between audited figues in respect of the frrll furancial yeat and the published
year to &te figures up to the third quarter of the cufient f,nancial year which were subiect to

b"l^"tr

limited teview by us.

Fot Agatwal Ptakash & Co.

Chatteted Accountants
Fitmrs Regiettation No.: 005975N

"_M

Partner
Membership No,: 09848

Place: Gurgaon
Date: I0,{ay 617-016

FORMA
Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
I

Name of the Company:

2.

Annual financial statements

year ended:

3.

Type

4.

Fre quency of ob se rvatio n

To be signed by-

5.

of Audit

o bs e rvation

CEO/ Managing Director

for

the

Indiabulls Wholesale Services Limited

31"' March, 2016 (Consolidated)

Unmodified
Not Applicabl;

Wrl--.
cor (Retd.) #dJJ4n

*uor*

(44to I e - t ime D ir e c t or)

\o'"-tr',CFO

Mr. Saurabh Garg

Audit C ommitt e e C hairm an

Mr. Jogifder Singh Kataria

Auditor of the Company

For Agarwal Prakash & Co.

Chartered Accountants
(Firm Registration No. 005975N)

t\.;v+'\Y.

Vikas Aggarwal
Partner
Membership No. 097848

Date: May 6, 2016

FORMA
Pursuant to Regulation 33(3Xd) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
1

2.

3.
A

5.

Name ofthe Company:

Annual Jinancial statements
year ended:

of Audit ob s e rvati o n
F re q ue ncy of o b s e rva t i on
Type

for

the

Indiabulls Wholesale Services Limited

31"' March. 2016 (Standalone)

Unmodified
Not Applic4$le

To be signed by-

CEO/ Marwging Director

Col. (Retd.ffufinder Singh Kadyan

(lThole-time Direcror)
-

1."*V
CFO

udit C ommitte e C hair man

Auditor of the Company

Date: Mav 6.2016

Mr. Saurabh Garg

Mr. Jo

ffirn*u^ru

For Agarwal Prakash & Co.

Chartered Accountants
(Firm Registration No. 005975N)