KSL AND INDUSTRIES

Kef No.: SE/KSLIND/2016-2017/20

February 1 0 , 2 0 1 7

To,
The Secretary
B o n ~ b a yStock Exchange Limited
Phiroze [eejeebhoy Towers,
Dalal Street,
Mumbai 4.00 001

Dear Sir/Madam,

Ref.: Scrio Code - 5 3 0 1 4 9

Subject: Outcome of Board Meeting held on 10tl' February. 2 0 1 7

We wish to inform you that the Board of Directors of KSL a n d Industries Limited, in its Meeting
held 011 10"' February, 2017 inter alia transacted the following business:

1. Approved the unaudited Financial Results for the Quartel- ended 31st December 2016.
pursuant to Regulation 3 3 of SEBl (Listing Obligations and Disclosure Requirements)
Regulations, 2015. The Copy of the said unaudited Financial Results for the quarter ended
31s' December, 201 6 is enclosed herewith.

2. Noted the Limited Review Report on un-audited Financial Result for the Quarter ended 31s'
December 2016, Pursuant to Regulation 33 of SEBl (Listing Obligations and Disclosure
Requirements) Regulations, 2015. The Copy of the said Report is enclosed herewith.

Kindly acltnowledge the receipt and oblige.

Thanking You.

Yours faithfully,

For KSL a n d

Aarti S h a r ~ n a

Encl: ala

ClN :L17119DN1983PLC000074
Corporate Office : Raghuvanshi Mills Compound, 11H2,Senapati Bapat Marg, Lower Parel (W), Mumbai-400013.Telefax:022-24955321
E-mail: info@kslindustries.comI kslrealty@yahoo.co.in.Website :www.kslinduslries.com
Regd. Office: 69-A, Dhanu Udyog Industrial Area, Piperia, Silvassa ( U.T. of D.&N.H.) - 396230 Tel.: 0260-3258845eFax: 09898593191
 A. F. KHASGIWALA & CO.
CHARTERED ACCOUNTANTS
31307, Rewa Chambers,
31, New Marine Lines,
Mumbai -400 020
Offi. Tel. No.: 2200 4 1 67
Resi. Tel No.: 2307 5 1 18

Annexure V t o Regulation 33 of the SEE1 (Listing Obligations and Disclosure Requirements)

Regulations, 2015

The Limited Review Report

The Board o f Directors

KSI, AND INDUSTRIES LIMITEI)

statement o f standalone u~iauditedfinancial results of KSL and

We have reviewed the acco~iipatiyi~~g
Industries Limited for the Quarler Ended 31'' December, 2016. This statement is the responsibility
of the Company's Management and has been approved by the Board o f Directors1 Committee of
Board o f Directors. Our responsibility i s to issue a report on these financial statements based on our
review.

We have conducted our review in accordance with the Standard on Review Engagement (SRE) 2400,
cngagcmcnts to Review Financial Statements issued by the Institule o f Chat-tered Accountants o f
India. This standard requires that we plan and perform tlie review to obtain moderate assurance as to
whether the financial statements are free o f material misstatement. A review is limited primarily to
inquiries o f company personnel and an analytical procedure applied to financial data and thus
providesless assurance than an audil. We have n o l performed an audit and accordingly, we do not
express an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us to believe
that tlie accompanying statemelit o f onaudiled financial results prepared in accordance with applicable
accounting slantlards and other recognized accounting practices and policies has not disclosed tlie
information required to be disclosed in terms o f Regulation 33 o f tlie SEBl (Listing Obligations and
Disclosure Rcq~~iremcnts)Regi~Ialions,
2015 including the manner in wliicli it is to be disclosed, or
Lliat it contains any material misstatement.

Date: 5"' February, 2017

I'lace: Mumbai For A. F. KHASGIWALA & Co.

Chartered Accountants

A. F. KHASGIWALA
Partner
Membership No.: 006491
Firm Registration No.: 105114W
 KSL AND INDUSTRIES
KSL INDUSTRIES L T D
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED AS ON 31ST DECEMBER.2016
(Rs. In Lakhs)
THREE MONTHS QUARTER NINE MONTHS YEAR
ENDED ENDED ENDED
31/1y2016 3qWI2016 3lPY2015 3lPy2016 31/17/2015 31/03/2016
(~taa~tdilea)
(aeaudiled) (unaudited) (utuudited) uc~tiludibd (Aadiled)
Net Sales 177165 2071.00 2957.45 6169.65 1 12719.45 19779.71
Otiler operaling "rome
Sale of Rejecled malerial

Totnl inconte froel Operelions 1966.97 2261.00 3489.07 6931.94 15496.62 22869171
Ex~oII~.:
a) Cost of rn~terinlrconrun,ed 806.26 921.60 2122.46 2832.86 11255.15 14603.94
b) Changer L>inventories of finished goods 231.23 319.92 (6563) 7'77.98 -7l2.32 (857.77)
c) Lnpioyee Lr~r~refits
expemes 45.36 48.56 87.10 325.35 349.73 983.76
d) D ~ ~ ~ ~ C ~ Ialllortisalionexpellser
~ O B I 1343.14 1343.14 1349.47 4029.42 4048.41 5.391.55
e) Otlvrs Explue. (hclud"~g Manufacturing. Selling &
AdlninistraliveExpcwes) 573.06 663.26 580.31 1819.08 1847.09 3,649.49
Q Devaluatior~of ,elected material 0.00 0.00 0.00 258.35 1364.28 1,364.28

Profit from Openlions before Other b!eome, Bteresl and

Exceplional Items (1032.08) (1035.48) (7a.64) (3106.10) (2595.72) (2265.54)
Othcr I%!eame ! 3.151 3.151 34.581 9.45 1 34.58 1 477.36

Profil/(Loss) front ordinsly aetivltles before finance eosie (1028.93) (1032.33) (750.06) (3W6.65) (2561.14) (1788.18)
Piimnce Cast 28192.00 2155.00 2148.12 32502.00 6394.62 8.547.30
I'rofil/(Loss) fronn ordinary activities after finance costs (29220.93) (3187.33) (2898.18) (35598.65) (8955.76) (10335.41)
P,,.isio,, for tnxetion 0.00 0.00 0.00 0.00 0.00 0.00
!'IRR~$~o" far lnxalioll farearlieryear 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax Assels/((Liability) 0.00 0.00 0.00 0.00 0.00 (298.33)
. ProfiV(Loss)lor the period
Net (29220.93) (3187.33) (2898.18) (35598.65) (8955.76) (10633.81)
Profit/(Loss) on ForeignExch.!nge Pluctantion 0.W 0.W 0.00 0.00 0.00 0.00
Net ProfiV (Loss) after taxes and foreign exchange
flucluslion (29220.93) (3187.33) (2898.18) (35598.65) (8955.76) (10633.81)
blirlorily Simnltoldcn Shdrc ii, Loss 0.00 0.00 0.00 0.00 0.00 0.00
Net Prafit/(Loss) aflertnxcsnx~dshnreof profit/(loss) (29220.93) (3187.33) (2898.18) (35598.65) (8955.76) (10633.81)
I'nid up Equity Share Capital 4026.73 4026.73 4026.73 402633 4026.73 4026.73
(Pace value of Re. 41.)
Reserves excluding Revaiualia~nReserve
Reserve i s pr Balance Sheel of pmviaus arrauntir~gyear (40982.13)
El5 (Rs.) (Rnsic, Not nnncmliled) (29.03) (3.17) (2.88) (35.36) (8.90) (10.56)
Note:
1Pigures of Previous year /Previous quarter/Corresponding quarter of previous year have been regrouped / rearranged wherever
necessary.

2.The Company's operations h l l under two segment namely [a]!'Textile" (b],l.RealFstate. The segmenb have been identified in line
with the Accounting Standard o n Segment Reporting (AS17) considering the organisation stlucture and the differential risk and
- - - - .
return of these seemenb.As ma1 estate seement incan\e is less Illan 10% of eross revenuerno seement reuortine is resuired.Ai1 - .
~,xleract., .t.:r d i h ~canpan)
, r e t d h e arun.I th: m l n burinerr and arcor.tlngly thew are nd reparate repdrrable re,ywnb,as per
I
he Statutory Auditors of the Company have carried out a Limited Review of the standalone financial results for the Quarter and

I .

he Figures ofthe Finance Cast has been substantially increased in Third Quarter as mmpared to the last Quarter, the reason

CIN :L17119DN1983PLC000074
Corporate OfRce : Raghuvanshi Mills Compo~nd,11112, Senapatl Bapat Marg, Lower Parel (W), Mumbai-400013 Teefax: 022-24955321
E-mail: info@ksl ndustr'es.com I ks~reaty@yahaa.co.in-Website : www.kslindustnes.com
Regd. ORice: 69-A, Dhanu Udyog Industria,Area, Piper'a. Silvassa ( U.T. of D.B NH.) - 396230Tel.: 0260-3258845.Fax : 09898593191