18° November, 2016
%,
BSE Limited Nationa Stock Exchange of nia Lied
Phcoze eejebhoy Towers, bachange Plaza,
Dalal street, Plot No. C/1,6~Block,
‘Munbai= 40 03, Bandra Karla Complex,
Bandra (Est,
Mumbai ~ 400052
Seip Code: 532681
Sep Symbol NDL
Dear sir,
Sublact; Outcome of meeting ofthe Board of Diectors of Nandan Denim Limited (the "Compan
‘held on 14” November, 2016
Pursuant to regulation 30 and 33 of the SeBt (Using Obligations and Disclosures Requirement)
Regulations, 2015, please find below the outcome of the Meeting of the Board of Directors held on 14
November, 2016:
1 We enclose herewith te Unaudited Financial Resuts forthe quarter and lf year ended on
430” September, 2016 slong with lied Review Report. The results were approved by the
Board of Directors ofthe Company, at ther meeting held on 14” Novernber, 2016. copy of the
‘Unaudited Financial Rete of the Company for the quarter and hl year ended 20°
September, 2016 along with the Limited Review Report ofthe Statutory Aditors thereon Is
tendosed herewith for your perusal
“These Fnancil Rests would lo be publshed In one English and one vernacular newspaper as
required under SEB (Using Obligations and Disclosure Requirements) Regulation, 2015;
2. Other mattersof the agenda were discussed and noted
Further, # copy of the Pres Release ging a bref note regarding the financial performance of the
Company a approved by the Board of Directors aso attached herewith for the purpose of
information tothe shareholders investors, public at larg and ll others concer
‘ha mesin ofthe Board of eto of the Company commenced at 12:0 pan. and concuded at 700,
pm
You ae requested to kindly take the same on recor
Yours aihly,
For NANDAN DENIM LINATED)
qo
Nandan Denim Limited
[Fomety known as Nandan Exim Limited)
(enasivonenevncezzi9
Pian Regd. Oe: Corporate Howe:J. T. SHAH & CO.
TANTS
Board of Directors of
NANDAN DENIM LIMITED
(Formerly known as NANDAN EXIM LIMITED)
Ahmedabad
‘We have reviewed the accompanying statement of unaudited financial results of NANDAN
DENIM LIMITED (Formerly known as NANDAN EXIM LIMITED) having its Registered Office a
Survey No.199/1 8203/2, Saiipur,Gopelpur Prana Rea. Pipa Ahmedabad, for the quarter ended.
fon 30/09/2016 except for the disclosures regarding "Public Shareholding’ and "Promoter and
Promoter Group Shareholding’ which have been trace from disclosures made by the management
and have not been audited by us. This statement is the responsibility of the Company's
Management and has been approved by the Board of Directors which has been prepared in
accordance with applicable accounting standards specifi’ under Section 133 of Companies
Act, 2013 read with rule 7 of the Companies (Accounts) Rules, 2014) and other accounting
policies generally accepted in India, Our responsibility is to issue a report on these inanclal
statements hased on our review
We conducted our veview in accordance with the Standard on Review Engagement (SRE)
2400, Engagements to Review Financial Statements issued by the Institute of Chartered
Accountants of India. This standard requires that we plan and perform the review to obtain
‘moderate assurance as to whether the financial statements are free of material misstatement.
4 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.
{Based on our review conducted a8 above, nothing has come to our attention that causes us to
believe that the accompanying statement of unaudited financial results prepared in
fccordance with applicable accounting standards specified under Section 133 of Companies
‘Ac, 2013 read with rle 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 Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 ineluding the manner in whieh itis to be disclosed, or that it contains any
‘material misstatement
For, T.Shah & C0,
sp. Chartered accantants
oie toostew)
bate: 14/11/2016 on
Place: Ahmedabad poe
“uy shay
Partner
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\WAUDITED PRANCIAL RESULTS FOR THE QUARTER AND MALF YEAR ENDED 30" SEPTEMBER, 2016
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Nandan Denim Limited
[Fomety known as Nandan Exim limited)
Yenssrvonenvecz9
PontaRegd. oie: Corporate Hous:[SS
Nandan
Nandan Denim reports PAT of Rs. 16.30 crore, up 4.42%
in Q2 of FY 2016-17
Media Release
Financial Highlights
(Rs. incr
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Growth Growth
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Net Profit 3630, ase[ am | saav| aaa] ara
EBITDA 4909| 50.76 -|—s7a2 [95.98 5
Net Sales 30263 | 2003 2.76% | 6019 | S75.04[ amie
ES (s.) 330] 3.43 : 660| 6.83, =
‘November 14, 2016: Nandan Denim Limited (NDI) poised to be Asia's largest denim fabric
‘manufacturer has reported & Net Profit of Rs. 16.30 crore for Q2 of FY 2016-17 as against Rs.
15.61 crore In the correspoding period of 2015-16, a rise of 442%. Net Sales for second
‘quarter ended September 2C16 at Rs, 302.63 crore were higher by 2.75% over previous icl’s
same quarter Net Sales of Rs 294.53 crore. Company reported healthy EBITDA and PAT margin
In Q2 FYA7 at 16.23% and 5.38% respectively. EPS for Q2 FY 17 stood at Rs. 3.39 (Face value of
Rs. 10per share).
For the six months ended September 2016, Company reported a Net Profit of Rs 32.27 crore
‘against a Net Profit of Rs. 31.11 crore In the corresponding period last year, growth of 3.73%.
[Net sales in frst half of FY 2916-17 at Rs. 603.12 crore were higher by 4.88% compared to Rs.
1575.04 crore inthe first hal of provious fiscal, For Hi FY 2016-17, EBITDA margin stood at
36.21% and PAT margin at 5.359%.
Deepak Chiripal, CEO, Nandan Denim Umited sad, "We have maintained our growth impetus
‘during the quarter. We will keep striving to capitalise on new opportunities, thus delvering
value to our stakeholders.”
About Nandan Denim itd (aww.nandandenim.com)
‘Nandan Denn United (HDL) is work's th largest Integrated denim fabric maker. Company
forayed into textile manufacturing in 2004. Nandan Denim currently sngages in manufacturing
(of denims, cotton fabrcs and khakis
Nandan Denim Limited
(Femail known as Nandi Exim Limited)
‘covstvonenepancnes7i9
FrantaRege.offeo: Corporate Hout:_\~
Nandan
INDL is @ part of leading conglomerate, Chirpal Group, established in 1872 and is currently
cliversified across several businesses lke Textiles, Chemicals, Packaging, Infrastructure and
Education.
Headquartered in Ahmedabad, Gujarat, NDL has expanded its capacity from 6 MMPA to the
intended capacity of 110 MRIPA over the period of last 12 years. Further, company has
earmarked a capacity expansion plan to strengthen its domestic market share, expand ts
‘exports business and have an increased focus on value-added segments. Post expansion, NOL
‘wll become the largest denim: manufacturer in Asia and the fourth largest in the word
‘The Company has a state-ofhe-art manufacturing facility unit near Ahmedabad, Gujarat and
‘exports its denim fabric to over 28 countries. A team of 3,000 passionate & motivated
Individuals drive Nandan Denim Lt,
For further information please contact:
‘Ms, Purvee Roy Gopal Modi / Rupesh Panchal
Company Secretary Adfactors PR,
Email: purveerov@nandandenim.com Cell:9099030184 / 9925023108,
gopalmodi@adfactorspr.com
rupesh panchal@adfactorspr.com
Nandan Denim Limited
{Formety known as Nandan Exim United)
Yenustvonesncozzn
Pont Regd.Otiee Compote Hox: