AIMCO

PESTICIDES LIMITED

H. o.: 'Akbard Jyoti'; 8tb Roa4 PB NO. 6822, Santacflz (E), Mr,lDbai

Tel: +91.2257604m0 .Fr :+91-2247&4A l1O

. ltreb Sitc

400 0s5.

AIMCO PESTICIOES

(Itrdi!)

v9TliEcoFstici.le&c@
clN No. L 24210MH t 987PLC044{|62

E-nqil : ai$co@ai&copesticile!.coE

Rel APL/

BSE/ 201G20't7

l2s August,20l6

/04

To,
The Manager -Department of Corpomte Services
B5E LrmleJ
Phiroze Jeejeebhov
Dalal Strcet, ForL

Towers, ")

Mumbai - 400 001.

Dear Sir,
Sub:

!!_agdited financial re

llef:

Ajmco Pesticides Limited (Scdp Code- 524288)

find enclosed herewith an un-audited standalone financial result of Aimco Pcsticidos

Limitecl ('fte Company') for the 1n quarter ended 30th Jur-re, 2016, pursuant to Reguldti(rn 33
of the SEBI (Listing Obligation & Disclosures Requirements) Regulatiors, 2015.
Please

The same has been approved by Board of Directors of the Cornpanv at its meeting held on
12.h

August

2016.

Kindly acknowledge the receipt of the same and oblige.

Thdn].ing you,
Yours faithJully,

lol

AIMCO PESTICIDES LIMITED

.a.:tSamir Dave
Executive Director

DIN : 00184680

R.gd Offic.: 91/l I'I.D.C. Isdustd.t.A!.., L.c p.chu6E, BB. No.

r.gc

As5hi Di.L Rrh.giri

M.h.@hu.
Ph@., (o23sOTntX / znBT / TEt3t
- {15 ?0?,

9.

Aimco Pesticides Limited

Regd: offic: Bl,fl MIDC Indl. Arca, Lote Palshurat& Viltagb Awashi,Taluka Khd, Dist. Ratnagiri
Corponte Identity Numb er I I2rL2jJMII7987PLC044362

'

Tel I SL-224rcM00,

Eax:. q1-2-67604060

:www.aimcoPesti.idesxom
STATEMENT OF TJNAUDITED FTNANCTAL RESULTS FOR THE QUARTX* 61.IOEO 30/092016
Bmail : aimco@aimopesticides..om,websit

6 rn r_akhs)
Year ended

Quarter ended
Sr.

nlw2o16

3VOEZsl6

Unaudited

(Refer note

Particulars

No.

Income frcm Operations

a) Net Sales / Incom from Operations (Net of Excise Duty)
b)

Otler

Operath8lncome

L935-46

.),

Total Income from operations (net)

2

-'
"r
d)
e)

Cost of materials consumed

Purchases oI stock -in-trade
Changes in inventories oI finished 8oods, stock in trade and work
progress
Employee benefits expense
DeFeciation and amortisation exPmse

Otllel expenses
Total expenses

2635.41

9,529.n

80.12

40.80

8.89

114.24

?m5.58

7,473.34

z@.m

9,643.99

1,202.M

1312.21

L577.45

5,945.30

345.79

235.92

444.26

1.805.54

(111.401

(240.92)

(21.19)

(455.61)

130.60

104.66

97.O7

405.22

15.77

10.34

51.90

293.55

507_79

391.U

1,s89.08

1,913-34

7,935.42

2499.47

934142

7V2.24

Other lncome

(122.08)

7M.43

6.73

186.16

0.52

787.89

108.96

64.08

144.94

450.46

10.24

73.66

3.02

25.O3

.72

50.42

141.93

425.43

.72

50.42

141.93

425.43

G4.n)

(1.68)

Profi/(Loss) Irom ordinary activities before finance costE and

Exceptional Items (3+4)
Finance Costs

t;772.54

Profivposs) from Opentions before Other Income, Finrnce costs and

Exceptional Items (1-2)

Audited

in

Unaudited

below)

Expenss

a)
b)

3VO3/2016

Audited*
10

30/0612015

Piofi/Goss) from ordinary activities after finance costs but befor

Er.eptional Items (5+6)

Exceptional items

ProfMlos!) from Ordinary Actiwities before

Taj( (7+8)

(2.24')

/ (Credit)
Net Profiy(Loss) from ordinary Activities after Tar
72 Exhaordinary Items
't3 Net Profiy(Loss) for the period (11-12)
10 Tax Expense

100.96

11

85.15

100.96
923.65

74 raro-up Equrry 5nare LaPrrar

(Face Valu: t 10/- per share)

923.65

137.67\

143.6'l

463.10

743-61

4&i.10

923.65

923.65

15 Reserves excluding Rvaluation Resers as pI Balance Sheet

(8e.s3)

o{ previous Accounting Year

16 Eamings per share - Cg Not

Arnualised
a) Basic and diluted EIrS before extaordinary items
b) Basic and diluted EPS after extaordinaiy ftems

aaj)'!'s\
,:,'iJr
--\- 1a{^t,1
/,,/ -

.- ',.9

7.O9

0.92

1.09

0.92

5.01
1.55

5.01

Nots:
1) The above results were reviewed by the Audit Committee and apFoved by the Board of Dnecbrs in iheir meting held on
I2th August, 201b.

2)

The statutory auditors of the Company have carried out'Limited Review' of the above financial resutts for rhe ouarter nded

3)

30th Tune, 2016.

Th ComPany's application under section 309 of the Companies AcL 1956 for approval of excess remunemrion Rs. 90.75
Paid to dircctors in ea.lier years has been rejected by the Central Governmenr by its Order dated 5th February, 2016 in view

inadequate inJormation submitted. The Company is

in the procgs of {iling an application ro the Centrat covemment

reconsiderafion of its Order based on the additional inpuls not considered by the Cenhal covemment. Till the matter is
finaly resolved, the ComPany has not given effect to the Order of the Cenhal covemmenr in irs book of accounrs and rhe
concemed dire.tors have agreed ro hold t}le excess amount of remunemtion received by them in trust

4)

The ComPany has Paid remunemtion of Rs. 25.35 lacs to its Managing Director in Financial Year 2014-15. Thoush the
Cmrml
Government has approved the appointment the amount payable by way of remuneration neds further clarfication from

Central Govemment. Til the matter is clanfid,qy the Cenhal covemment, the concemed dhecror has ageed to hold the sai
amount received by her in bust.

5)

Remuneration of Rs. 29.67lalhs paid to its Executive dircctors and the Managing direcror by th Company during the quarrer
is subject to approval of the shareholders.

6)

Pursuant to t}le ordl Passed under section 17(3) of the Sick lndustrial Companies (Spciat provjsions Act, 1985 the Board for
)
Industdal and Financial Reconstruction ('rhe BIFR') passed the necessary order and appoin&d stare Banl of India as
operating agency. As per rhe direction of rhe BIFR by its order dated 11.02.2015 the operaring agency is yer to rdrame
scheme. The Company is expe.ting to receive relief ftom the BIFR as prayed for.

The ComPany has two

who y owned subsidiaries, one each in India and in United Arab Emilates. The ComDanv has oDted
submit stand-alone financial results as Per the option available under Scurities ard Exchange Board of India (Ljs
Obligations and Disclosure Requnemenrs Regnlations), 2015.

8)

During the quafter there was an inter-se transtu of 23,30120 equity shares, represenring 25.23% of the equiry share of rhe
company among the promorers group. Mr. pradeep Dave and Amisco A$ochem Limfted have acquired t30,120
18,00,000 equity shares respectively

postal ballot effective 2nd

9)

Ma,

from Excel Crop Carc Limited. Pursuant tllerero and as pei shareholders resolution by

2016, Excel Crop Care

Limited has ceased to be a,,promorer,, of rhe Company.

The Company operates in on sin8le pdmary segment viz., Agrochemicals. Hence, the djsclosures as requied ulraler
Accounting Standard 17 "Segment Repofting " is not givn.

10) The fiSures for the quarter ended 31st March, 2016 are the balancing figures between rhe audited figures in respect of rhe
finanial year ended 31st Marclr 2016 and the m-audited published year to date figures up ro rhe thhd quarter ended
31
December, 2015, which were subject to Iimired review.

11) There were no investor complaints pending

as at tIrc bginning of the

quartq nor were there any received during rhe quarrer.

For Aimco Pesticides Limited

J,

Place : Mumbai
Dated : 12th August, 2016

i, ilultaAi ,I

\Y.--,w

-_TXIL

-.4r:-'-

Mr.Samir P Dav
E,Gcutiv Dhector

DIN No.

: 0018,4680