IIINDUSTAN COMPOSITES LTD.

Peninsula Business Park, Tower "A', 8th Floor'

Senapati Bapat Marg, Lower Parel, Mgmbd - 400 013.
Tel. : (91) (22) 6688 0100 Fax: (91) (22) 6688 0105
E-mail : hcl@hindcomPo.com

'

Website : www.hindcompo'com
CIN No. 129120MHl 964PLC01 2955

2?ndl1ily,20L6

Tfi

- Listing
HINDCOMPOS
Exchange of India Ltd
5e Floor,'G' Block
Exchange

The
SYM

TlheManager (CRD)
gsg Limited
Phiroze jeejeebhoY Towers,

Dalal Street, Fort,

Mumbai - 400 001

1ex,

Bandra (East), Mumbai - 400 051

Dear Sir,

Scrip Code:509635
Subi Outcome of Board Meeting held on 22".d|uly,2016

pursuant to the provisions of Regulation 30 of the securities Exchange Board of India

we wish to inform
(Listing Obligations and Disclosuie Requirements) Regulations ,2015,
-o*puty
i'e' 22"d Jtiy'
today
at-its meeting held
yon UrrXt theboard of Directors of the
of the
Results
Consolidated Audited Financial
20'1,6, inter alra considered and approved the
Company for the year ended 31't March,2016;
for the year ended
A copy of the Consolidated Audited Financial Results of the Company
& Liabilities, Audit Report and declaration
3Lrt March, 20L6 alongwrth statement of Assets
herewith for your records'
of un - modified opiiion on Auditors Report are enclosed
4.00 p.m' and concluded at 5'30 p'm'
The meeting of the Board of Directors commenced. at

Kindly take the same on your record'

Thanking you,
Yours faithfullY,
For Hindustan ComPosites

\.^

+,.-\\--

U\ae-^\L

)'

Amit Goenka
VP-Finance&ComPanY
,

Encl: As siated above

Regional Sales 0fllces

.
3246 1 514 Fa< : 022-2495 1365
West , Zg, CrysUi, t st Floor, Or. lnnie Sesant Roaq Wor[ Mumbai - 400 01 8 Iel. :91-22-2495 1355,
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Fu i 011'2332 4126
7110'
2332
1516
1-3247
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401.
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|91-44-25357W6I32W'1518'F?I,.t04+253598?2

HINDUSTAN COMPOSITES LIMITED

lffi*ffi]

Regd.Office: A Tower,8th Floor, Peninsuta Business Park

Senapati Bapat Margrlower Parel, Mumbai - 4OOO13
Tel

: 022-66880100, Fax:022-66880105
visit us at www.hindcompo,com

CIN No. 129120MH1964P1C012955

Audited Consolidated Financiat Results for the year ended

3lst March, 2OL6

( Rs. In Lacs)

Sr.No.

Year
Ended

Particulars

31-Mar-16

(Audited)
1

Income from operations

a) Net Sales/lncome from Investments

18,492

b) Other Operating Income

2

a) Cost of materials consumed

b) Changes in Inventories offinished goods, work-in-progress and stock-in{rade

5,091

c)

2,306

d)
e)
3
4

Finance Costs

7
8

Profit before Tax (5-6)

12

14.105

4,482

Other Income

11

694

6 026

Total Expenses
Profit before Other lncome and Finance Gost (1-2)

Profit before Finance Cost (3+4)

10

(12)

Employee benefits expense

Depreciation and amortization expense
Other Expenses

95
18.587

Total lncome
Expenses

51

4,533
6T

4.446
740

Tax Expenses
Net Profit for the Period (9-10)
Paid-up Equity Share Capital
(Face Value of Rs. 10 per share)
Reserves excluding Revaluation Reserve
Basic and Diluted EPS

Reporting of Segment wise Revenue,Result and Capital Employed as on

Segment Revenue
a) Composite Products

+)

/ Loss G) before Tax and Interest

Composite Products
Investment
Unallocable

3,706

492
57,924
75.27

3lst

March, 2O16

Consolidated Statement of Assets and Liabilities

Sr.No.

Particulars

( Rs. ln Lacs)

As at
31-Mar-16

(Auditedl
I

(1)

EQUITYAND LIABILITES
SHAREHOLDERS' FUNb
(a) Share Capital
(b) Reserves and surplus

492
57.924
58.416

(21

(3)

NON-CURRENT LIABILITIES
(a) Long-term borrowings
(b) Deferred Tax liabilities (Net)
(c) Other Long{erm liabilities
(d) Long-term provisions
CURRENT LIABILITES
(a) Short-term borrowings
(b) Trade payables
(c) Other Current liabilities
(d) Short-term provisions

332
936
94
76
1.438

634
1,323
1,292
3,335

Total
tl
(1)

(21

63.189

ASSETS
NON-CURRENT ASSETS
(a) Fixed assets
(b) Non-current investments
(c) Long{erm loans and advances

12,698
34,995

4.551
52.244

CURRENTASSETS
(a) Current investments
(b) inventories
(c) Trade receivables
(d) Cash and cash equivalents
(e) Short{erm loans and advances
'(f) Other current assets

Total

4,600

695
2,700
354
1,305
't.291
10.945
63,189

The above results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on
22nd July,20'16.
2

The above financial results comprise results of the parent and it's Joint Vegture.

This being the first year where consolidated financial statements are presented in terms of section '129(3) of the Companies Act,
2013 applicable from 1st April, 2015. Hence, comparative figures of previous year are not presented.

Place : Mumbai
Dated : 22nd July,2016

naa rg, (Hamam Street)'

1iry,r Gtr am bers- 4O A,,Doshl.
Mumbai 400 001 INDIA
:felephone
009:1-?2-226$ 1414 /2269 1515

61 tG.

LODHA

&co

0031.22-400? 1140 / 4002

Fax
E mail

C-hartered Accsu ntants

To,

Eoard

of,

14114

0091-?2-2265,0,126
mumbai@lodhaco;cqm

Directdrs bf Hlndusten,Com Fosites Limlted

WEhaveauditedthe..accompanyingstatementofConso|idaiedFinancialResu|tsofHindusten
otngt {eoilectiyely l*fo'"d to es the
Gompositer Limited (the Parent eompany') and itsloint
Par'ent
*Group!) for, the,year inu*A s1't March, zdlo Ctlre Sq:nt:nl),
:'g119 :ylT'fi"1.0,I.11,neouration 33 or'fhe sEtsl {Listing oblisations and
pursu;nt lo rc
3j -This $tatement, which is the responsibility of the
Disclositie:Reguifgmentsl RegufathnS, ?0i5.
Direetors' has been prepared on
Parent eompany's manag-e.ment,and approV bf, the ,Boa1d 'sf
which are in 1".9"{:l- witft [3
the b-asis oJ,gte ,aaii::einsotidated hnaneial"s ment
Gompanies Act' 2013 r-ead with'
Accounling Standard'-[res;bno, under $ection ]33 oj tl?
generally accepted in India' out'
issuedihereunder and,otber accounting prineiples
releyant
'ules is to exprssran''opinlon'en"the: Statement'

,*o''

o.#;t

responsibf

WecondUcGdouraudit:inaeCordancewiththeslandardsonAuditinUissledbythe,lnstituteof
audit'to
require th?tlve plan and
Chartered AccountanG of tnOia. Those,standards
?"{tt*,1T
misstatement'
material
from
free
is
about whether the Statement
obtain reasonable
disclosed in the
"*Ju*."
,on
a. test bsis:, evidence suplorting the amounts
An:audjt includes exarnining,
used
of the
Statement. An audit atso. iniluOes evaluatih$ the appro.priateness
?"*ttt]TYl-o]icies
made by the, Management' as
and the reasonableness of the significant lccounting, ietimates
statement' We believe that ihe audit evidence
ffi,;;-;u.tirg th* overatl presentation ot tneprovid
a:basis for our audit opinion'
we have obtainec is sumcient ana appropriatato
to the explanations given to us
ln our opinion and to the best of our information and according
theStatment:

(i)

33 of the sEBl (Listing

is presented in accordance with the reQuirem"nF.,of Regulation
Obligatiohs::and:BiselosureRequirement$'Regulations"201'5;and

(ii)

and other
gives a true and fair view in confonnib with: 3fo5sai!.Accounlng-ftanfafs
pfrs gener:aily acc"pi*C in lfidia of t!?.let P,ront and sther financial
accounting

information,oi the'Grou-p for .the,year ended.3lsr March, 2016.

are presented in terms..Of SeCtiOn

Being the first year where consolidated financial statenglnts
201'5. Hehce, comparetive {igures
12g(g) of the Co.mpanies, Act, 2013 applicable fr:om 1st April,
of previou.s y,ear,are not prsentedFoTLODHA & CO.
G-ha rteted lccou ntants
Firm Registration No: 30{

t':
R.P. Baradiya

Flage:,l|llumbai

Dats 22nd Julrr, 20{6

'Partner'
Membershlp No.44101

051 E

HINDUSTAN COMPOSITES LTD.

Peninsula Business Park, Tower "A", 8th Floor,
Senapati Bapat Marg, Lower Parel, Mumbai - 400 013.
Tel. : (91) (22) 6688 0100 . Fax : (91) (22) 6688 0105
E-mail : hcl@hindcompo.com

Website : www.hindcompo.com
CIN No. 129120MH19&P1C012955

DECLARATION ON CONSOLIDATED AUDITED FINANCIAL RESULTS

(Pursuant to the secondprooiso to Regulation 33(3)(d) of the Securities and Exchnnge Board
of Indin (Listing Obligations and Disclosure Requirelrlents) Regulations, 2015)

The Board of Directors of the Company in its meeting held on 22nd July, 201.6 has
approved the Consolidated Audited Financial Results for the year ended 31't March
20'1.6 artd we hereby declare that the Statuory Auditors of the Company, M/s. Lodha
& Co., Chartered Accountants, Mumbai (FRN:301051E)have issued an Audit Report
with unmodified opinion on the said results.
This declaration is issued in compliance with the provisions of second proviso to the
Regulation 33(3Xd) of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 as amended by the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements)

(Amendment) Regulations, 2016

CIR/ CFD/ Ct/.D /

50

/ 2016 dated

27th

May

read with SEBI Circular

No.

201-6.

For Hindustan Composites Limited

P.K. Choudharv\
Managing Director
DIN:00535670

Place:Mumbai
Date:2l"aJuIy,20\6

Regional Sales Otllces

East : 29, Ganesh Chandn Avenue, Bando House, Room No. 207, 2nd Floor, Koikata - 700 013

West : 79, Crystal, 1st Floor, Dr. Annie Besant Road, Worli, Mumbai

400 018

Tel. : 91-33-2287 0186

Tel. : 91-22-2495

1355, 3246 1514 .

Fax :

03il-2287 0187

Far : 022-2495 1365

Nor$:401,RohitHouse,3-TolstoyMarg,NewDelhi-110001 .Tel.:91-11-3247 1516/233271 10.Fu;011-23324126

.Iel.:9144-25357976 | 32941518 ' Fu:.(ttA-25369822

Sonth : 47, Moore Steet, Perry's, George Town, Chennai. 600 001