/l

\Sujarat Natural
Resources Limited
November 14,2016
To,

Department of Corporate Services

Bombay Stock Exchange Limited
25ih Floor, P.l. Tower,
Dalalstreet,
Fort, Mumbai- 400 001.
Dear Sir/Madam,

Sub; Outcome of Board Meeting

to inform you that the Board of Directors of the Company in its meeting held today
i.e. on Monday, November 14, 2016 at the Registered Office of the Company, inter alia has
consideredandapprovedtheUnauditedStandaIoneandconsoIidatedFinanciaIResultsfor
the Quarter ended September 30, 2015 along with Limited Review Report thereon'

This is

Please take the above on

your records.

Thanking You,
Yours faithfully,
For Gujarat Natural Resources Limited

/r*u,^ rtl
shalin A. Shah
Managing Director
DIN:00297447

I
f

"-1"

ffi

Sigma Co.porate, Nr' Mann Party Plot, S.G HigJlway, Ahrnedabad-sg'

pnorie : +91-79-4002 98oo ' Web. iwww.gnrl in'Email : info@gnrl.in

I,

c
70'1-4, Nirman, 0pp. Havemore
Navrangpura, Ahmedabad'380
Phone : 26562980, 66303452
E-mail : pshah_2908@reditlmail.
Mobile:98254 64466

PAIIIOJ K, SHAII ASSOCIATES

CHARTERED ACCOU NTANTS
CA PAI'KAJ SHAII
B.Com., F.C.A., A.C.S.

CERTIFICATE
We have reviewed the accompanying statement of unaudited financial results o
M/s. Gujatat Natural Resources Limlted for the period ended 3oth September
2016, This statement is the responsibility oI the Company s Management aJrd ha
been approved by the Board of Directors. Our responsibility is to issue a report
Lhese frnancial sla emenls based on oLr Ieview.
We conducted our review in accordance with the Standard on Review Engagemen
{SttD) 2400, Engagements to Review linancial Statemenls issued by the Institute
Char-tered Accountants of lndia. This slandard requires that we plan lld perfo
the review to obtain moderate assurance as to whether the Financia.l Statement
free of matedal misstatement. A review rs limited primar.ily lo inquiries of compan
personnel and ana\,tical procedures applied to llnancial data and thus provide
lcss assurance than an audit. We have not perlormed an audit and accordingly,
do not exDress an audit opinion.

Based on ou. review conducted as above, nothing has came to our attention, t
causes us to believe that the accompanyiug statement of unaudited financi
results prepared in accordance with Accounting Standards and other recogni
accounting practices and policies has not disclosed the information requifed to
disclosed in terms of Regulation 33 of the SEBI {l,isllng Obligations and Disclosu
Requirements) Regulations, 2015 including lhe manner in which it is to b
disclosed. or that it contains any material misstatement
FOR PANKAJ K. SHAH ASSOCIA
Film Registlation No. 1O7352
CHARTERDD ACCOUNT
Place : Ahmedabad

Date | 14.11.2016

P",/ G-suts^'',
{PANKA.' K. SHAHI
PROPRIETOR
M, No. 034603

mnt,

GUJARAT NATURAL RESOURCES LIIiIITED

STAEfiENT OF 6TANMLONE UNAUOTED FINANCI ESULre Fq
{R.. in

(c)

nseasoens*

Prcnt /

(hs) iion

ri

hFloias

ot FG,

w p,nd docl

op*drioB bdore oser idcome,

Prcar, {Lossl rrcn odinary

adiv esberorcfiiance

Profit / {10..) frcn odinary

a.rv[ie. .fr$ nnanm

Prori

rirvnier

{.t

lld$)

Frcfn

rrcm odrnary

llo$r

bca u.eor od shrE diiGf

from ordrnato

bcro'e

hi r74r

.ftd bx rs,10

(Ji.i4

Nd Prcfu rtLdss)torrhapenod

sh3dPldr'/( Lo$)or*s.are.

bi6 , mino y rnbresr anr

sh.6of profit/(r63)orassoctare.(13+ r.+1sf
Ner Prcar / I Ldss I afte.

E:minFPdsharc(berdrcendordinaryr.ns)tior

Eaninqs Pershare cnerennordiraryhens)

lnd

ndare$kre6@otrdby'hadddolyAUdloB'JemnnnendedbylhaAudtcommfue
dGalrhern6arii9hedonrioiday14Ndemer,2016
4. The

pEvhus quadaA&a^ iqurcs h

d!,

",/-,

STATEMENT OF ASSETS AND LIABILITIES

(Rs.in Lacsl
As at

Particulars

3,t/03/2n16

EQUITY AND LIABILITIES

1

Shareholders'Funds
(a) Share Capitaj

3.875.16

3.87516

(b) Reserves and SurDlus

4 i39 21

4,368.75
8.243.91

Sub-total - Shareholders' Funds

2 Non-current Liabilities
a) Lonq{erm bo owLngs

8,214.38

lb) Deferred Tax Liabilitles (Net)

3

Sub-total - Non-current liabilities

current Liabilities
1299.54

(a) Short - lerm borrowings

lb) Trade Pavables

c) Other Current Liab lit es

ld) Shod-term Provisions

Sub-total - Current Liabilities

TOTAL. EQUITY AND LIABILITIES

1

204.54
812.59
74.47
2.55
'1.090.15

9.334.07

Non-current Assets
(b) Non-cuffent Investments

c) Lonq-term loans ano advances

(d) Other non-current assets
Sub-total - Non-current Assets
2

812.59
24.22
2.55
2.138.90
10.353.28

Cu

121.22
3 053.92
463.37
227.21
3.865.72

122.24
2.110 69
483.47

5.730.25
739.71

5,632.52

'17.60

18.23
6.390.46
9.334.07

227.21

2.943.61

ent Assets

{a) Short {erm loans and advances

lb) Trade Receivables
(cl Cash and Cash Eq!ivalents

Sub-total " Current Assets

TOTAL " ASSETS

6.487.55
10.353.28

739.71

lii

701-A,
Nirman,
Restaurant,
Opp.Havemore
Navrangpu
ra,Ahmedabad-380
009.
Phone: 26562980,
66303452
E-mail
: pshah_2908@rediff
mail.com
Mobile: 9825464466

PA]IKAJK. SHAHASSOGIATES
C H A R T E R EADC C O U N T A N T S

GAPAlI[ruSHAH
A.C.S.
B.Com.,
F.C.A.,

C E R T I F I C A T E
We have reviewed the accompanylng statement of unaudited Consolidated Financial
results of M/s. Gujarat Natural Resources Limited for the quarter and six months
ended BOtr' September, 2OL6, attached herewith, being submitted by the company
pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and
bisclosure Requirements) Regulations, 2015 ("the Consolidated Financial Results"). The
Consolidated Financiat Results include the results of the company and its subsidiaries
(hereinafter referred to as "the Group"). The Statement is prepared by the Group's
Marragement pursuant to Regulation, 2OI5, which has been initialed by us for
of the Group's
identification purposes. This Statement is the responsibility
Management and has been approved by the Board of Directors of Gujarat Natural
Resources Limited. Our responsibility is to issue a report on these financial statements
based on our review.
We conducted our review in accordance with the Standard on Review Engagement
(SRE) 24OO, Engagements to Review Financial Statements issued by the Institute of
Chartered Accouniants of India. This standard requires that we plan and perform the
review to obtain moderate assurance as to whether the Financial Statement are free of
material misstatement. A review is limited primarily to inquiries of Group's personnel
and analytical procedures applied to Group's financial data and thus provides less
assurance than an audit. We have not performed an audit and accordingly, we do not
express an audit opinion.
We did not review the frnancial statements of 6 (Six) subsidiaries included in the
consolidated quarterly financial results, whose consolidated interim financial
statements reflect total revenue of Rs. 452.85 lacs as at 30.09.2016 and Rs. 204.65
lacs as at the quarter ended 3OtHSeptember, 2016. These interim financial statements
and other financial information are unaudited and our opinion on the quarterly
financial results, to the extent they have been derived from such interim financial
statements is based solely on the management statement.
Based on our review conducted as above, nothing has came to our attention, that
causes us to believe that the accompanying statement of unaudited consolidated
results prepared, in accordance with Accounting Standards and other
financial
recognised accounting practices and policies has not disclosed the information required
of Regulation 33 of the SEBI (Listing Obligations and
to be d.isclosed in i"i-"
Disclosure Requirements) Regulations, 2015 including the manner in which it is to be
disclosed, or that it contains any material misstatement.
FOR PANI{AJ K. SHAH ASSOCIATES
Firm Registration No. 1O7352W
CHARTERED ACCOUNTANTS
Place : Ahmedabad
Date : 14.II.2016

P"r/a ec-*lr\'\ t\\=h

(PANKaJ K. SHAH)
PROPRIETOR
M. No. 034603

GUJARAT NATURAL RESOURCES LIMITED

ar Nei In@ne ffom ooerolrons

159

o hcrcasdDecGase in nlenioias d Fc

Pronr / (Loss)

iion

wPsid

opararions berore oiher rncofre,

Pronr/(Loss)iiomordinary activriosbeioreniance
)6fi1

(Lo.sl iion ordinary a.dvities aite' nnaidc

Prcfir / lLG3) f.om

odhary adiviib bdorc bx

17.3)

Pbrr,lLos)ro,rhe peiod (1r r2)

shdeorPDf r 1 L.s) orr*drLP5'
Ne'

Nd Prcni ( Los ) afGr bres , mino ty inreresr an{

'
sharcoiprcut/(loss
)or a$ociarca l l3 r r4+ 15 )'

Eamin$

Per sharc

lbdorc ertaordin.ry irems) lnor

EahiiqsPershars (anqsxftodinaryitm4 lnor

6R

\\
(.\\

kk-""') ^1l,
wTrz
>JJ

I .,ltl+ /^rw I

STATEIIENT oF ASSETS

ANDT|IEMES
Rs.in Lacs)
As at

Particulars
EQUITY AND LIABILITIES

Shareholders'Funds
(a) Share qapital
(b) Reserves and Surplus
(c) I\/oney received aqainst share wafianta
Sub-total - Shareholders_ Funcls

2 Share application money pendinq

ormerx

Non-current Liabilities
(qLLong-term borf owings
(b) Defered Tax Liabi|ties (Net)
(c) Other Long - term Liabrlrties
(d) Lonq - term Prov stons

Sub-total - Non-curent tiabilities

Current Liabilities
(a) Shod - term borrowinqs
(b) Trade Payables
(c) Other Current Liabrtrtres
(d) Shortlerm Provislons

Sub-total - Current Liabilities

TOTAL - EQUITY AND LIA6ILITIES
B
1

ASSETS
Non -c u rrent Assets
(a) Fixed Assets
(b) Non current investmenis
(c) Long term loans and advances
(d) Othqr Non-cufient assets

Sub{otal - Non-current Assets

2 Current Assets
(b) Inventories
c)Trade Receivables
(d) Cash and Cash Equivalents
(e) Shorl{erm loans and advances

Sub{otal - Current Assets

TOTAL - ASSETS

3 875 16
5 080.25

3.875.16
4.706.39

8.955.42
388.02

8.581.55
388.02

1.495.16

1.500.88

338.71

1.793 37

338.71
1,745.6 |

3,627.23

3,585.20

1,509.83
1.020.99
307.33
67.86
2,906.02
15,876.68

413.05
1.014.83
404.85
54.96
1.887.69
14,442.47

9,667.34
1 ,510.42
779 51

9.308.29
567.19

358.r3

341.58
11,016.67

12,315.40

308.s7
984.25

223.82
2,044.65
3,561.29
'15,876.68

799.61

309.84
951.84
211.37
1,952.76
3,425.80
14,442.47