Gujarat Carbon And Industries Ltd

March 1, 2017

BSE Limited
Floor No. 25, PJ. Towers,
Dalal Street,
Mumbai - 400001

Dear Sirs,

Scrip Code: 506457

Financial Results for QE Dec 2016 - Revised

Pursuant to Regulation 33 of Securities and Exchange Board of India (Listing

Obligations and Disclosure Requirements) Regulations, 2015, a corrected copy of the
un-audited financial results for the quarter and nine months ended December 30, 2016
along with the auditors limited review report is attached herewith for your records.
Correction is in face value of equity capital (per share basis instead of total
value)

Thanking you,
Yours faithfully,
For Gujarat Carbon and Industries Limited

(R. P. Ganti)
Director (DIN: 01877314)

CIN - L24231GJ1974PLC002615
Regd Office - 6th Floor, Offtel Towers, R C Dutt Road, Vadodara - 390 007 Telefax:
(0265) 2336468; Web www.gujcarbon.co.in; e-mail
investor_relations@gujcarbon.co.in
 GUJARAT CARBON AND INDUSTRIES LTD
Regd.Office : Offtel Towers, 6th Floor, R.C.Dutt Road, Vadodara 390 007.
CIN - L24231GJ1974PLC002615; Website - www.gujcarbon.co.in; E-mail - investor_relations@gujcarbon.co.in
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2016

Rs Lakhs
Corresponding 3 Year to date Year to date
3 months months ended in figures for figures for Previous year
3 months ended
Particulars (31-12-2016)
ended the previous current period previous period ended
(30-09-2016) year (31- ended ended (31-03-2016)
12-2015) (31-12-2016) (31-12-2015)
C Whether results are audited or unaudited Unaudited Unaudited Unaudited Unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone Standalone Standalone Standalone Standalone
Part I
1 Revenue From Operations
Net sales or Revenue from Operations - - - - - -
Other operating revenues - - - - - -
Total Revenue from operations (net) - - - - - -
2 Expenses
(a) Cost of materials consumed - - - - - -
(b) Purchases of stock-in-trade - - - - - -
Changes in inventories of finished goods, work-in-
(c)
progress and stock-in-trade - - - - - -
(d) Employee benefit expense - - - - - -
(e) Depreciation and amortisation expense 0.22 0.22 0.22 0.66 0.66 0.88
(f) Other Expenses
1 Legal professional charges 1.43 0.50 1.36 2.08 2.04 3.23
2 Custodial fees - 0.52 - 0.52 - 3.31
3 Payments for Audit Services - 0.01 - 0.06 0.27 1.71
4 Other Assets / Liabilities written off - - - - - 282.36
5 Miscellaneous expenses 0.24 0.48 1.56 0.92 2.97 3.65

Total other expenses 1.67 1.50 2.92 3.58 5.28 294.26

Total expenses
Profit (loss) from operations before other
3 income, finance costs and exceptional items
(1.89) (1.72) (3.14) (4.24) (5.94) (295.14)
4 Other income - - - - - -
Profit (loss) from ordinary activates before
5
finance costs and exceptional items (1.89) (1.72) (3.14) (4.24) (5.94) (295.14)
6 Finance costs - - 0.53 - 0.87 1.45
Profit (loss) from ordinary activities after finance
7
costs but before exceptional items (1.89) (1.72) (3.67) (4.24) (6.81) (296.59)
8 Prior period items before tax
9 Exceptional items - - 7.05 - 7.05 7.05
Profit (loss) from ordinary activities before tax
10
(1.89) (1.72) (10.72) (4.24) (13.86) (303.64)
11 Tax Expense - - - - - -
Net profit (loss) from ordinary activities after tax
12
(1.89) (1.72) (10.72) (4.24) (13.86) (303.64)
13 Extraordinary items - - - - - -
Net Profit Loss for the period from continuing
14
operations (1.89) (1.72) (10.72) (4.24) (13.86) (303.64)
Profit (loss) from discontinuing operations
15
before tax - - - - - -
16 Tax expense of discontinuing operations - - - - - -
Net profit (loss) from discontinuing operation
17
after tax - - - - - -
22 Details of equity share capital
Paid-up equity share capital 1238.07 1238.07 1238.07 1238.07 1238.07 1238.07
Face value of equity share capital (Rs) 10.00 10.00 10.00 10.00 10.00 10.00
23 Details of debt securities
Paid-up debt capital - - - - - -
Face value of debt securities - - - - - -
24 Reserves excluding revaluation reserve (2331.79)
25 Debenture redemption reserve - - - - - -
26 Earnings per share
Earnings per share before extraordinary items
i
Basic earnings per share before extraordinary
items (0.02) (0.01) (0.09) (0.03) (0.11) (2.45)
Diluted earnings per share before extraordinary
items (0.02) (0.01) (0.09) (0.03) (0.11) (2.45)
ii Earnings per share after extraordinary items
Basic earnings per share after extraordinary
items (0.02) (0.01) (0.09) (0.03) (0.11) (2.45)
Diluted earnings per share after extraordinary
items (0.02) (0.01) (0.09) (0.03) (0.11) (2.45)
Notes:

1 The above results were recommended by the audit committee and taken on record by the Board of Directors in their Meeting held on February 9, 2017

2 The above results have been subjected to Limited Review by the Statutory Auditors as required under Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
3 During the quarter there were no Production operations, the cessation of production continuing from March,2007.
4 Provision for interest accrued on inter corporate deposits (ICDs) from Group companies has not been made during the quarter. The quantum of such interest
which may be payable is not determined at present as the Company is in negotiation with the lenders and the same shall be provided as and when finally
crystallised.
5 As a matter of prudence, deferred tax assets has not been recognised for the quarter ended December 31, 2016.
6 The Auditors have stated that they are unable to express an opinion whether the Company can operate as a going concern and its consequent impact on the
financial statements.

Management comments pertaining to the quarter ended December 31, 2016 are given below:
7 Interest liability on certain ICDs has not been provided since revised terms are in the process of being negotiated with the lenders and reliefs / waivers are
expected. Liability, if any, will be provided at the time of settlement.

8 Figures for the previous periods / year have been regrouped and rearranged wherever necessary.

By order of the Board

For GUJARAT CARBON AND INDUSTRIES LIMITED

Place: Mumbai Sd/-

Date: February 9, 2017 H. A. Patel - Director (DIN:02437310)