g Ne) nba) NK MINDA GROUP Ref.No. Z-IVIR-39/D-2/174 & 207 THINK. INSPIRE. FLOURISH Date: 10 November, 2016 Minda Industries Ltd. Corporate Office BSE Ltd. National Stock Exchange of india Ltd. Regd. Office: Floor - 25, Listing Deptt., Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai-400 001 Mumbai -400 051. FAX NO, : 022 — 22721019 2723104 FAX NO. 022- 26598237 / 26508238 ‘Sub: - Un-audited Financial Results (Standalone & Consolidated) for the Quarter and Half Year ended 30 September, 2016 Dear Sir), In continuation of our letter dated 29/10/2016 and 03/11/2016, we wish to inform that at the Board Meeting ‘Company held today ie. 10 November, 2016, the Board of Directors have approved the Un-audited Financial Resulls (Standalone and Consolidated) forthe quarter and hal year ended 30 September, 2016, Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith:- 41) Un-Auclted Standalone Financial Results forthe quarter and haf year ended on 30 September, 2016 2). Un-Audited Consolidated Financial Resuts for the quarter and half year ended on 30 September, 2016. 3) Limited Review Report on the Standalone Financial Results forthe quarter and half year ended on 30 September, 2016, 4) Limited Review Report on the Consolidated Financial Results for the quarter and half year ended (on 30 September, 2016, ‘The meeting of the Board of Directors commenced at 11.30 a.m, and concluded a 1.30 pm. Its for your information and records please. Thanking you. Yours faithfully, For MINDA INDUSTRIES LTD. Che) H.C. DHAMIJA VP. Group Accougts, Legal, Secretarial Indirect Taxes & Co, Secretary “~ S Encl: As above. S [MINDA INDUSTRIES LTD. (Corporate Office) Viloge Nawada Fatchpur, BO. Skanderpur Badido, Monesar, Dist. Gurgaon, Haryana 122004, INDI, Tol: 491 124 2290427128, 2290693496 Fx: +91 124 229067695 Email info@rindagroup.com, wirwindagroup.com Regd. Office : 8-6/1, Wazrpur Indust Area, Delhi-110082, CIN : L74899DL1992PLCOBOBSSVA Q MINDA INDUSTRIES LIMITED STATE OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HAL YEAR ENDED S0SEFTEMBERIOG rr Taine Yorn a eo mC [ana Staracone bon oxece (etter ay) mse] awe) emo mas] ae [atari was] smn) amas] ais] saane 2 [eens "Sot mio msn ries] use| son] sxs2 ) ec eretatate as) te om aa 2 20 |e) Chr tren of itd pth wok 7 al Ral 7 = : Soares eke as} es lo Smet eres as sus eo] tes ny ssa ° os slo oat fx) ma inet Iwet nese wo van], sea] maiat|, este] asta 2 | reas tom operates bre ee oe seat ee eee ee er Juco and ep ent ra a es 5 [Preteen ery me bre an} ses] sige] mum] suse] tree 7 fret om arian ties ter as me] aos] mass] teas vest 5 [ra dw) morass fr Tax an oo mst 10 ftaboene eae | sau an 11 [perenne attr ater] saa naa] aus pm lactam teers) S E ‘ . ett sine nial oan] sven] acon nn Pood ted 1s isms ss iss asst 1s [Rome cxang Reon ees ee Bake ef pom Arie Yor 16 [> exact ie eer me) (err a ent ate ‘pests aw 2a a oa as 0 at te) i aa Bi 3 Je a om rr ni ee a sin] sim| ——asoo]— ads] sn] at te xtc uss zo| eo] ae| a 1 fete tom ry ie ser Sin] aie] at] Gin] ee 12 [natura tnd 4 - . 5 1 Reese es el re ar 45 fete Gio] aan dn) Sa) 1 lene tre ny nr Sa} su) Serr] ae] Se Paces pnie hag Ya soy 1» sweat renner Sehr ‘odes ws Pr er re er) Soi a sey SR) Se] Sm] BSNotes on unaudited consolidated financial results: 1) The above unaudited Consolidated Financial Results for the’ Quarter and half year ended 30 September, 2016 have been reviewed on 10 November, 2016 by the Audit Committee and approved by the Board of Directors. These results have been subjected to limited review by the statutory auditors of the parent company. ‘These results along with the Review Report of the Statutory Auditors have been filed with St Exchanges, pursuant to Regulations 33 of the Seourties and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and are available on the stock exchange website, NSE website (www.nseindia.com), BSE website (www.bseindia.com) and on company's ‘website (www.mindagroup.com).. 2) Key numbers of Standalone Financial Results of the Parent Company are as under: Rs. in crores Pariiculars ‘Quarter Ended Half year ended ‘Year ei nded ‘30 Sept 2016 | 30 June 2016 | 30 Sept2015| 30 Sept2016 | 30 Sept2075 | 31 March 2016 Total Income from (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) (Unaudited) (Audited) Setetore 438.80 40083| 376.73 839.63 71798 1408.74 Profit Before Tax FB 28.66 2a 70.18 76:56 “5.84 i 33.06 22.60 23.47 55.66 96.77 79.37 8) The shareholders have approved the sub-division of equity shares of Rs 10 each (fully paid-up) into five equity shares of Rs. 2 each (fully paid-up) in their meeting dated 11 August 2016. The record date for sub-division was 15 September 2016. Accordingly, the Earning Per Share for the current and eattier periods have been restated. 4) In their meeting date 10 November 2016, the Board of Directors, subject fo the consent of the shareholders of the Company have approved the plan to hive off, to sell, transfer, assign or otherwise dispose off the Company's business related to manufacturing and trading of Batteries to its wholly owned subsidiary viz. Minda Storage Batteries Private Limited on or before 30 April 2017. 5) During the quarter, the Company has 'a) acquired 18,85,99,900 equity shares of Rs. 10 each of Panasonic Minda Storage Batteries India Private Limited now known as. Minda Storage Batteries India Private Limited) for a total consideration of Rs.9.05 Crores representing 99.99% shareholding in the subsidiary. Capital reserve of Rs.124.10 crores was recognized on accounting of this acquisition, b) made an investment of Rs 0.94 crore towards its share of capital in YA Auto Industries, a + partnership firm representing 51% share, 6) The consolidated financial statements are prepared by considering: ~ ‘Subsidiaries and step down subsi @) Global Mazinkert SL, Spain ) Clarion Hom, Spain - ©) Clarton Hom Marco SARL, Morocco @) CH Signalkoustic GmbH, Germany@) Clarton Hom 8. De RL. De C.V., Mexico 1 Light& Systems Technical Centre, (STO) SL, Spain (w.e 10 June 2076) ‘9) SAM Global Pre Ltd, Singapore (w.e.fT July 2015) fh) Minda Industiies Vietnam Company Limited, Vietnam .0.f7 July 2075) 1) PT Minda Asean Automotive, Indonesia (Indirect Subsidiary-w.e1 July 2015) DPT Minda Trading, Indonesia (Indirect Subsidiary-w.ef 1 July 2075) ®) Minda Kyoraku Limited, India 1) Minda Distribution and Sorvices Limited, India im) Minda Auto Components Limited, india ‘ 'n)_ MJ Casting Limited, India (ubsidiary w.e.11 August 2015) (0) Minda Kosei Aluminum Wheel Pvi Ltd, India (w e £28 March 2015) p) Minda TG Rubber Pvt Ltd, india (we. 30 March 2076) @)_Rinder india Private Limited, India (w.e.F 03 June 2076) 1) Panasonic Minda Storage Batteries india Private Limited (w.cf. 26 Sept 2016, now name changed to Minda Storage Batteries India Private Limited). '8)_ YAAuto, a partnership firm (w.e.f. 8 August 2016 ). Joint Ventures ‘@) Minda Emer Technologies Limited, India by Rinder Riduco, SAS., Columbia (w.e.f 10 June 2016) ‘Associates ‘@) Minda NoxiGenTech Ltd, India b) Mindarika PvtLtd, India ©) Kosei Minda Aluminum Company Pvt Ltd, india (w.ef. 29 March 2016) @ Auto Component, India 1 ) Yogendra Engineering, India During the year ended 31 March 2016, Rs, 5.20 crores of the Exceptional Item represents profit on sale of land by a subsidiary.8) The group is engaged in the business of manufacturing of auto components including auto electrical parts and its accessories and there is no separate reportable business segment as per Accounting Standard (AS-17) on Segment Reporting. 9) Tax expense includes Current Tax (including Minimum Altemate Tax) and deferred tax 10) The figures of the previous periods have been regrouped reclassified wherever necessary to confirm to current period's classification, Place Date : urgaon, Haryana (0 Novernber, 2016BSR &Co. LLP Chartered Accountants Building No.10, 8th Floor, Tower-B Telephone: +91 124 2958 610 DLE Cyber City, Phase «I Fax +91 124 2358 613, Gurgaon - 122.002, inca Review report to The Board of Directors of Minda Industries Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Minda Industries Limited (‘the Company’), its subsidiaries (the Company and jts subsidiaries together referred to as ‘the Group), its associates and its jointly controlled entities for the quarter and half year ended 30 September 2016, attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. ‘These consolidated financial results are the responsibility ofthe Company's management and have been approved by ‘the Board of Directors at their meeting held on 10 November 2016. Our responsibility is to issue a report on these financial results based on our review. . We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, ‘Review of Interim Financial Information performed by the Independent Auditor of the Entity”, 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 results are free of ‘material: misstatement. A review is limited primarily fo inquiries of company personnel and analytical procedure applied to financial data and thus provides Tess assurance than an audit, We have not performed an audit and accordingly, we do not express an audit opinion. 3, We did not review the financial results of fourteen subsidiaries and one jointly controlled entity, whose financial results reflect total assets of Rs. 808.65 crores as at 30 September 2016 and total revenues of Rs, 453.68 crores for the quarter (Rs. 803.63 crores for the half year) ended on that date, 2s considered in the consolidated financial results. The consolidated financial results also include the Group's share of net profit of Rs. 3.46 crores for the quarter (Rs. 6.88 crores for the half year) ended 30 September 2016, as considered in the consolidated financial results, in respect of ‘three associates, whose financial results have not been reviewed by us. These financial results have been reviewed by other auditors whose reports have been furnished to us and our conclusion on the consolidated financial results, in so far as it relates to the amounts and disclosures intluded in respect of these subsidiaries, jointly controlled entity and associates, is based solely on the reports of the other auditors. 4, We did not review the financial results of two subsidiaries, whose financial results reflect total assets of Rs. 30.88 crores as at 30 September 2016 and total revenues of Rs. 11.14 crores for the ‘quarter (Rs. 21.56 crores for the half year) ended on that date, as considered in the consolidated financial results. The consolidated financial results also include the Group's share of net profit of Rs, 0.08 crores for the quarter (loss of Rs. 0.01 crores for the half year) ended 30 September 2016, as considered in the consolidated financial results, in respect of two associates, whose financial results have not been reviewed by us. These financial results have been certified by the ‘Management and our conclusion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associates, is based solely on such financial results certified by the Management. In our view and according to the information Vv need Of BS RACo fa peraato en wih epson Foss Loo Eas fo anoten comenad io 8S Marca LLP eno i Corpora (Sted iy Panrrtp wi LLP Ragton aa ee No: Raton wines en ber 12013 Santor s00o1BSR&Co. LLP and explanations given to us by the Management, these financial results are not material to the Group. Based on our review conducted as stated in paragraph 2 above and based on consideration of the review report of the other auditors referred to in paragraph 3 and financial results certified by management referred to in paragraph 4 above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited consolidated financial results prepared in accordance with applicable accounting standards and other recognised 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 including the manner in which it is to be disclosed, or that it contains any material misstatement. For BSR & Co. LLP Chartered Accountants Firm Regi ie 101248W/W-100022 Place: Gurgaon Partner Date: 10 November 2016 Membership number: 094549