' UIAU~lS.WJ&lJI.Q lth(JI) (ll'l lCii r• WAll IIA liS rA I ll, NAINITIII, HOIIU, Dll .ll~ ll lJR, AAMPVR,. UTTAR PMOI! II J44'12 l (VP)

Cllki'OM Ttl 0111 I(" : n 5, SllCTOR t;2, NO lOA · ;101 01 (UP) t iN L.:l iOUUI' IV110VI..COli07B

l'h OUO 4U0049, 421t\207, 4106160 flu t 0120 4106161 1!1,~>•11 . ~h ,lllh~p.iptrahllf'•uull com

Wolulle www r ll~dhJ~ptnllmttcd com \ 'n :n (()NMIIIllA Till) tiNANCIAI. IUl~ULTS fOil 1l1UI QUART M AND II ALP YEAR INDIO 31ST ,..ARCII 10 II I

I

,. ·- STANDALONI

I' IIKTICULAilS ~ulrttr lndocJ 3l .OUOIU :U.IUOt7 (Audlltdj (Unaudltt d)

IICtllllt' ~ ~ ltt•vr tllH' I rum lll'rt """ '" (Crun ) 11.269.2$ 11,013.24 b) llthrr htulmr {43.86) , 6.40

fnt.JI Mt'Vt'llllt' (I • II) IJ, U 5,38 11069.64

r xr r r" C's. ·•I ('o,l ol n~o~h• 11 .11\ t'onsumt•tl 8,474.94 7,407.06 b) Put t " ·'"'' 111 •IC>I k·nHI.ttll' (36.25) . c) Ch.mr:t· ~ In lnvt'IIWIII'i or Hnl~ll\l Cuuds, WQI k In 112.76 196.53

tHo~• ··~\ .nul ~~~~·k·hHr.tde . . d) r , , ' "' llUiy 0 11 S.tl,•tll Coo,ls (0.00) . <') l:nttiiO)'I't' hc•nt•h U t'XI>\11\Jl' 309.50 386.53 f) Ftn .llt <~' ' ' " " 1.312.13 90.75 I!) U<'lll ni.IIHHI anti :unon1s.tUOn expen~n 189.97 190.81 h) 0 1lwr exp\'nSt''· .

(1) l'uwt•r .mJ furl 1,109.43 1.471.19 (cl) Ollu•t ~ 916.35 865.25 Tut.tl 1::-. Ji t'n~es U ,$48.03 10,608.11

l'ront h l'fo•·•• tXCt' Jillun:~ l .and Extraordloary Items a nd Ta. ( l · :l) (1,323.44) 461.SZ h cc pt•<>naiiH•ms . . l'rutlt bt<fun• txtro~urdln.ary Items .and Tax (3· 4) (1,323.44) 461.52 •:>.t r.•u•dm.u y lknn . . f>ruOt bcfun• T .111 (5·6) (1,323.44) 461.52 f oiX l:kii~'IIS l' ~ (432.34) 154.59 1) Cur rt•nt T.tx . . it) lh•h•r n •tl T. c ~ {432.34 154.59

.>r o flt/(Loss) fur the 1•erlod from Continuing Oper ations (7·8) (891.10} 306.93 ' 1 uht/( l .os~) rnr till' pcno<l from Oc~contlnumg Opcro~ llons . . r.1x Exp<' ll ' ''~ of ll•scontfnumc Operau ons . . •rulft/( Lu,s) fur th<' 1•erlod from Discontinuing Ope rations (After Tax) (10·11) . . •rotot/(l.u:o.:o. ) fur the period (9+12) {891.10 306.93 )tJwr Compr,•h cnl'ln• Income (OCI) 4.22 . ) Rc ·ntt•.t<un•mcnt G.un/ (loss) on Den ned Bencnt Pla ns 6.46 . •) I neon" ' t.1x rl·l.tltn!: to Items that will not be reclasslned to profit or loss 2.24 . ) lnnostm•·nts en f!qu tty ln~lrunccnts carried ;at F:~lr V;due . . •) Income t.l~ rl'l.lll ng to Items thai will be reclasscOed to profit or loss . . "ot;sl Coma•reh~·nslw Income fur the period (13• 14) (886.88} 306.93 ·a cd up Equccy Sh.tre C<~pit.1 1 (face value of Rs. 10/· each) 1,020.40 1,020.40 .C) •'' \ 'CS cxdurlcng ltcva lu;'lllon Reserves a s per . . a l.1nn • sht't'l of pre vious accounting year a rniug per equity s.ha rc (ofRs. 10 each) (notannulalsed}

.1) 11.1src (In Rs.) (8.73) 3.01 b) Diluted (In Rs.) (8.73) 3.01

31.03.%017 (lludllt d)

6,109.34 llZO.l3

II,OZC}.46

4,509.40 178.49

(8.18) . . 304.06

1,01 Z.Z3 204.:113

967.77 619.49

7.846.48 182.99 . 102.99 . 18 2.99

(0.48) . (0.48)

183.47 . . .

183.47 (0.51) (0.79) (0.27) . .

182.95 1,020.40 .

1.80 1.80

(RS. IN l.AKII~)

' CONSOLIDATED - -1 v .. rEndt d

3I.OU OlO. 3t ctl,_lllt7 J (lludltl'd) (Audited) I

42,381.72 27,907.09 121.65 1.462 42

4Z 509.37 Z9 31'>'1.50

29,002.72 17,000.07 1,163.62

31.47 92.20

396.23 684.79 1,477.50 1.194.40 1,561.14 1.160.54

754.21 639.23

5,432.77 3.556.09 3.390.0 7 2.521.79

42,914.12 28,692.69 (404.74) 676.81 . . (404.74) 676 .8 1 . . (404.7 4) 676.0 1 (121.67) 2 19.0 4

(121.67) 219.04 (283.07) 457.77 . . . .

. . (Z83.07) 457.77

4.22 (0.51) 6.46 (0.79) 2.24 (0.27) . . . .

(278.84} 457.26 1,020.40 1,0 20.40

(3,651.99) (3,372.41)

(2.77) 4.49 (2.77) 4.49

STAff "'I NT Or AnlnUNI) ~IAIIliYllfASON JlrT~AIIOI4DII 1'100111 ~ IN lAKIIS tONJUU IIAiiU

P Al11t.ut.AAJ

AutnQUOII_ ~·•" 0 fOIL [Un•udll~l (Awdlltdl

A A\\11

' Noll '"fnnt Au.U (•) 11t 0POtt)', PUI\Iandl!qulp""nl UU1 07 9,41144

(b) l'lpll~l Wot~ In prottrtU Ill 04 (t ) l nl.ln~tbltih«-11 IZ 116 I \II

(d) l lnlml•l Al>tU {I) lnvtttmt nll

ln•ttlmtnt l111vb•ldLitl~• •nd a..o<wtu UZ60 M41l6

Otllrr lnvt"n"nl.• ou 04l

(Ill ) Willi 141011 4?710

(IV) Othn nn~n(l.l&ntU 10)04 aoJo• (t ) l>tlr n td !Ia Uttt; (net)

. (f) Olhtr Hon•(utront Aneu

. . SUb Tot•l Non C\imonl A nell IIIIQ l11Jf_!ll!.

2 CwrrentAueu (~) lnvtniOriU

4.6 .. 0 ,, UUIII7

(b) l•ln•ncM M\~U (I) lnvUI111t11U

44J 26

( II ) Trldt k«ttvlbiU •.nus Ull40

(Ill) Ca•h 1nd C.>h ~qulvoltnu t970 UJl

(lv) U1nk 8~1•nc" Othtr than (II) a bow .... , J40M

(v)l.o•n• 741.16 707.6J

(vi) Othtrt 2tU7 l414l

(t) Curn nt Tn AutU (N•tl 66U 10061

(d) Olht r Cunent A (.)(liS Ut1~4 1.1HIIM

Sub Tot1l C\l,....nl Au .. a 12.547 ¥7 .HIII\T4

TOTAL ASSETS ZJ,7J I .OI 19,111.11

0 I:QUITY 6 UAIIIUTIU t l!q ulty

l•l l:qutly Sh•rt C. pi I• I l.IIJ.%0 U IUO

(b) Ull ttrf.quny {) 11$199' (H7Hil

Sub Toll l lqully (l,IIJ),7'1 ll.SS4 ~ ~ .

1 U abllll .. t (I) Non>C\I,...nt l.bblllllet

1•1 FII,..KI~II.l•blht ots

(b) (1) llorrowmu 11,801.84 10.516.41

398511 1 17.69 (c) (II) Trado P•y•b'*t (d) Provisions

16.02 54.86

( t ) Drl<l'ftd t.w ll• btiiiiH (ntl) 9U.70 1031,

Sub ToUI No • Cu,....nt UabiUI .. a t3111'1 14 U .4l i .09

(II) Cu,...nl LUbiiiUes (a) l'tn~nrial u abllluu 6.125.58 3,138..1 (b) (I) UorrowlnKS

(II) Tr.de P•yabln S.l7t.8l 4.126.54

(Iii) Otlltr Ftnancl•l UaboiiUH 1,007.76 1.048.311

4.99 199 Provisions Othrr currr nt liabllluu

6557 n.11

Sub Tot.l Curnnt UabllillH tl J 7S.72 IIW46l

TOTAL EQUITY AND LIABIUTIES %J,7:U.OI 19,171..51

Tllt abov• nnand~ l rnulta have ~en r<•vltw~d by tho Audit Commlltrund luw bt<'n approved by the B~rd ofOlrecton In tbelr

rrsprcuve m~tlnp lltld on 30th t.by,20 18.

2 Tht above fin•nclal rtsults have bftn revlrwN by tit~ S~tuiOI)' Auditors u rtqulrN under Reculatlon 33 oftll• SEBI (UstiAa

Obligation and Dasdosur• Rrqulrrn1rnt) R<'Sulallon 20 15.

3

NAla;

t 2

3 .. ' -

4

5

6 1 8

9 to

Place: Date:

Th~ above linancbl ~Its ~ve ~n ~viewed by the Audit Committ~ and Nve been approved by the Board ol Oirectan 1.11 tbftr respedlve ~ ~laC. oe lib JUy, 2018. The Company has adopted Indian Accounting Standards (IND AS) ~ffKtive 01.04.2017(trnsttioo elate beblg 1st A.pn1 2~16) atld ~ ~ ~ res:;jts rCK lhr quarter and year ended on 31st Mvdl 2018 a~ in compl~nce with the tnd AS prescribed under Sectfoa 133 of the Coll\pa1des Act. 2n l3 rod ~ wtth die Companies (Indian Accounting Standards) Rules, 201 S{as amended). and accordingly, erstwhile lndiaA Generaly Accrpted ~ Pl1nople$ (~ ~ r« dw q-.r and year ended 3 bt Mardi. 2017 Nve bftn ~instated to make the results comparable. c

The above CONSOUDATED linandal results for the quarter eQC!ed 31 March 2018 Nve been reviewed by the Statutory Auditors u R"qWm:l ~ ~ 33 oldlr SEBI {Li:szlc& Obligation and Disclos~W Requirements) Rqulation 2015. fn compliance to lnd AS-18 SEBI {Usting Obliption and Disdosvre Requirements) Rquladoa 2015, the uported reftSIQe for dae q1mUr ad Je»: eDdai 31st~ 2017

we~ Inclusive of Excise Duty. Goods and Services Tu (GST) 1w bec»me appliable wd lst)uly. 2017, the rneaae foe tbeqau11e!" elided 31Jt ~20181:1as ~ ~ net of CST, hence not comparable with COJnSpOnc:llllc periods. As the Company Ns a single report3ble secmeat. the segment wise disclosure ~lliremeat ollnd AS 108 oa ~ ~ ts act awlkabk to IlL

Investment In equity shares ~ve ~earned at fair value under lnd-AS apiASt cost basis UDder ustwtaile lCMP. P~ovs Year's/Quarter's Flgu~s have been regroupedfrearruged/rec:ast wherever oettSsary. The fiiuresoflastquarter of 31st March, 2018and 31st lbrch, 2017 ~the balmcinc figures~ a\lditrd fipres 1.11 respect ort• full fiAmcial,.ar a.1 &lie publlshed year to date fipres upto the third quarter. Financial Results for this perold Nve ~n prepared and presented In~ with the recopltloa and~ pri.DQple:s olll:ld AS-34~ f"...a:al ~-The Company may review Its accounting polldes or Its use ol rumpdons and acoonfin&'J, the~ dllmaes ill tiwe ac'T'I"V'nAC treaCIIell md. ~ il-r. WIDIIId ~ considered In the flnandal ~sultsofthe susbsequentquamrs wlthia the llnanclal ,.ear rndia& 31st Marth. 2018 u ~M1Dl'"First r-lodopbo. olllacbD Acrtwetmc Standards". /,. ~...;:...::. • • ,

Holda ( <;,0~" 30.05.2018 ~ ; , ~ d) ~# g

• c. C' >" "'~rtcr:.~

'l

SNM &CO. CIIARTI·RED ACCOUN.I ANTS

I· 178. Snrita Vihur. New Delhi· I 10076 Ph .2t>Q4M661/29948664 Fax : 26948000

l!lflnll . ~8~Qlii~~Qil.l

INPEPE~DENT AUDITOR'S REPQRJ ON QtJARTERL)' FINANCIAL RESULTS AND YEAR TO DATE RESULTS OF THE COMPANY PURSUANT TO TfiE BEGULAJION 33 OF TilE SEBI <LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGVLATIO~S.201S

To.

The Board of Directors

CHADHA PAPERS LTD.

We have audited the quarterly financial results of Chadha Papers Limited for the quarter ended 31" March 20 18 and the year to date results for the period 1st April, 2017 to 31" March 2018, attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Oblig~tions and Disclosure Requirements) Regulations, 201 5. These quarterly financial results as well as the year to date financial results have been prepared on the basis of the interim financial statements, which are the responsibility of the company's management. Our responsibility is to express an opinion on these financial results based on our audit of such interim financial statements, which have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" (lnd-AS 34), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued there-under and other accounting principles generally accepted in India.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial results are free of material misstatement(s). An audit includes examining, on a test basis. evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

In our opinion and to the best of our information and according to the explanations given to s these quarterly financial results as well as the year to dat~ results:

(i) nrc pn:scntcd in uccorduncc with the requirements of Regulation 3 3 of the SEUI (Listing Ohli •utiun nnd Disclosure Rcquncm nt!l) Rcgulntions, 201 S in this rcl:Jmdj nnd

(ii) give tt true nnd fair view of the loss nnd other financial information for tho quorter ended 31 '' Murch, 20 18 ns vcll us the ycur to dote results for tho period from 1st April, 20 17 to 3111 March 2018

Place: New Delhi Date: 30-05-2018

. ; ~ . . . ·· : · . . : . . ~

·· . . · . . ' /

. . . ,. , ...

... . ~

. .. .. .

For SNMG & Co. FRN : 004921 N

.. '

,, ·.·

' ~

• r

1 CIIAQIIA PAPERS LIMlTID

Rl CO OFPIC CIIAOIIA I!STAT8, NAINITAL ROAD. BILASPUR. RAM PUR. U'M'AR PRAOESII· 244921 (UP) CORI'ORATE OFFICB. 11·5, SECTOR ·S2. NOIOA • 201301 (UP)

CIN: L21012UP1990PLC011878 Ph· 0120·41201149, 4216287, 4106160 F .. · 0120· 4106161

Email: thadhapaporsltdOrm•ll com Wabtlto www.chadhapapcnltmltcd.~'Om

UNAUDITED STANDALONE FINANCIAL llUULTS POR THE QUARTER AND HALP Y!AR EN0£0 31ST MARCH 2018 (R$, IN LA KitS)

.. ~ · STAN_DALONI ·•·• ·'

PAR'TICULARS

lnrome ;a) Rcvc nut•lnun OperatiiJhs (Cro") I>) Other ln~umo

Total Revenue (I + II)

Ex penns a) Co~t of matcn.Jh consuml!d b) Purcha'e~ of st.cx:k· ln-trada c) Chanjtc~ tn lnvc:ntorlc• of Flnlsed Coods, work in

pru.:rcs..' antJ stock·ln·trade d) ExC't'c Duty on S:.le of Coodt r) Emrluy•·•· b.mefttsexp~:nse f) hnnnct• Co, ts g) ~prcct.&tton and amortisation expenses h) Other c•penscs:

(t) Power and Fuel (n) Others Tot"l Expe nses

Pront berore Exceptlon"land Extraordinary lttml and Tu (1·2) Exceptional Item~ Proftt brfor~ Extraordinary ltei'IIS and Tu (3-4) Extr,ordmary lto.:ms Proftt before Tax (5·6) T•ll Ellpenses (t) Current Tax (II} Deferred Tax Proftt/(Loss) for the pnlod from ConUnulnJ OptnHonl (7 ·8) Profit/(Lo~~~ fur the period from Dtsrontlnulng Operations Tax Expense~ of Oiscontmutng Operations Proftt/(Loss) fur the perlnd from Dlsronttnulnl Op.rattoas (After Tu) (10·11) Profltf(LO$S) for the period (9+12) Other Comprchcnsivr Income (OCI)

I) a) Re·mcasuremcnt Gamf(l.oss) on Defined Benefit Planl b) Income Lu rcl.atang to Items that wall not be reclassified to profit or loss

U) a) Investment\ In Eqllity Instruments ~n1cd at Fair Valur b) lnrome ux rd.& ling to Items that will be reduslflcd to profit or loss Total Comprehen~ln Income for tbt period (13+14) Paid up Equ1ty Share C;aptul (f01~c value of Rs. 10/· each) Reserve~ cxdudm~ R~v.~!u .~tion Rcl><:rvcs as per balance ~>ht•ct of previou~ ;~c,ountmg year Eamht& per t>qulty sh.ue (of Rs. 10 tach) (not &IUlulalltd)

<~) 8.1~k (In Rs.) b) Diluted (In Rs.)

-

* -

' ,. .. . ..

U.OUOtY (Audited}

li.Z69.2S {43.86

1t.Us.:J8

8,474.94 (36.25) 112.76 .

(0.00) 389.$0

1,310.31 189.97 .

1.189.43 915.86

12,546.51 (1,321.13} . (1.321.13) . (1,321.13}

(432.34) . (432.J4\

(888.79) . . .'

(888.79} U2 6.46 Z.Z4 . .

(884.57} 1,020.40 .

(8.71) (8.71)

)uarttr Bndtd Ytar End.d 31J_UOl7 31.03.1017 Jt.03.1U1Y 3l.OJ.2017 J

(Unaudited) fAudlttd) (Audited) (AIIdlttd) I

11,01J.24 6,709.34 42.387.7l 27,907.09 56.40 1 3Z0.1J 121.65 1462 42

11.069.64 • 029.46 4Z 509.J7 29 369.50

7,407.06 4.$09.40 29,862.72 17.680.07 . 178.49 . 1.163 62 196.53 (8.18) 31.47 92.20 . . . . 396.23 684.78 386.53 364.06 1,477.50 1,194.40 90.75 1.010.90 1.559.50 1.159.21

19o.81 204.23 754.21 639.23

1,471.19 967.77 5,432.77 3,556.08 865.25 618.14 3,397.83 2.521.62

10,608.11 7,844.80 42,912.2J 28,691.19 461.52 184.66 (402.86) 678.31 . . . . 461.52 184.66 (402.86) 678.31 . . . . 461.52 184.66 (402.86) 678.31 154.59 (0.48) (121.67) 219.04 . . 1$4.59 (0.48' (121671 219.0 4

306.93 185.15 (281.19) 459.28 . . . . . . . . . . . . 306.93 185.15 (281.19} 45'1.28 . (0.51) 4.22 (0.51) . (0.79) 6.46 (0.79) . (0.27) 2.24 (0.27) . . . . . . . . 306.93 184.63 (~76.96) 4511.76

1,020.40 1.020.40 1.020.40 1,020.40 . . (3.,309.94) (3,032.90)

3.01 1.81 (Z.76) 4.50 3.01 1.91 (2.76) 4.50

......

a ~ .. ~; Htwlw.~ .~ i

: ~ I ,.,. ; ·' ' ·..,: fi-t ;.c. c..~"· .. . ~

2

l

4

STATI!MI!~T OP ASSETS AND UAIIIUTIU At ON )I Sf MARCil 2011 lr!CUlU IN LAKIISJ S'TANUALONK

'-'"TICULAI\J

Attl)j OU Otl A• at U .OUOlT . (UftaYdllt<IJ ,,_ ... llt4J

A unn 1 NOI'Io(Vt rtnt AnttJ

(I) Prop.rty, Pl•nt an4 !quopmt nt t .44f,. 8,9110 74 ,,, C:.potAI Work•ln·proarua Il l 04

(c) ln t111111oblt As~ u .. IStll (d) f inancial Aa .. ta

(l)lnvt•tmenu lnVtl\not nt In aub1ldl1rltt and ••IOCIIIltt 20t $S 643.81 OthH tnvtttmt nll 0.42 04~

(Ill) Lotru 74101 677,70 (lv) Otller financial aoeu 23Sll US )I

(t ) Oderr..S tu aueu (Mt) . (I') Otht r Non·current Aaaell . .

Sub Total No.. Cu,...nt A .. t ll 10.751 70 U$: 17 2 CUI'l"eiiiAsstCa

(a ) lnventot,.l 4.!1U 6 ,..,,,. (b) l'onanu•l Auna

(1) lnvt n monta 44U6 (II) Trade Rectlvl6bltJ 4,073.6) Ull .ttl (Ill) C..sh and Cull Equtv•lents 9Ut tU7 (ov)B•nk ll.,anctJ Otlotr than (ol) above 544.)$ , .. ,, (v) Lewis 1l1.0S 75752 (v1) Oohers ZtUS 66.l7

(c) Current T • • Aasets (Ntl) t6U 10o.61 (d) Othtr Current Astell l.llH() .1.174 7)

Sub Total Cul'ftllt AueU ll.Oll 44 8 S9.4S TOTAL ASSETS U ,77U4 11,tU • .U

II EQUITY&. LI-'BILITIU 1 Equity

(a) t:quoty Sh•rt Capital 1.020.40 1.020.40 (b) Othtr Equoty {)309t4 13..03291

Sub Total Equity z 289.54 12.012 Sll z Ll.lbiiiiiH .

(I) Non-current LlabiUtln (I) l'onanco•ll.l•bohllu (b) (I) Uorrowon11• 11.193.50 10,$18.79 (c) (o l) Tndt P1y1bln 398.51 UU9 (d) Provisoons 76.02 SU6 (~) Ot ferrtd tu l .. bolilln (net) •t2.70 1.032.13

Sub Total Non Current LIAbtlltltl 1318080 12.413.47 (II) Cul'ftnt Llablllllts (a) Hnancoal UablhtJtt (b) (1) llorrowonJt$ 6,008.72 3.023.01

(II) Tudt! P•yablts 4.161.25 4,416.01 (ooo) Othtr Fonancial U1bohbn 943.66 984.28 Pro\'IS~nn' 2.69 Ul Other cunrnt loabohlln 6557 77.31

Sub Tot~l Current Uab1lltlts U88l88 IS02.42 TOTAL EQUITY AND LIABILITIES ZZ,17U4 tl,tll.lZ

The abov• CinJnclal results loavt bten mrit!wtd by tilt Audit Commllttt and uw bc.n approvtd br the llo¥d of Oll'tCtOtl ln ~lr rnp«~~ve mct Ungs hrld on 30th M•y.20 18.

The abovt! Cio.•nroal rcswhs ,..v• bttn rmewtd by th S!Atvtoty Audltonas requlnd ulldH Reculallon 33 oftllt SEBI (l.lstln& Obhpllon and Do ..:losur~ Rtqulrtment) ~&~~la!loa 2015.

Flgul'ft ofl.l.~t quarter art tht bolanclnJ flaurH bttwten eudlttd llcumiA resptct of the l'uU ll111nctal ~ar end unaudlttd publlslltd ytar to dat~ f•cur u upto the .Utt oflhlrd quarttr ol tht financial yter. f>reviOIII 'tur's/Qu~• Figum ~ve bttn rtvoup..s/n~/r«Utwllt!rtvcr IIKt taty.

PliKQ: No1d~ Oat•:

~

1 2

3

4

5 6 7 8

9 10

Place: Date:

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The above financial results have been reviewed by tbc Audit Committee and have been approved by the Board of Directors In their resp«tive lllfttlngs lldd on l Oti The Company has adopted Indian Accounting Standards (IND AS) effective 01.042017(transitlon date being 1st April 2016) and accordingly unaudited fi4andal ~ quarter and year ended on 31st March 2018 are In compliance wilh the lnd AS ,prescribed under Section 133 of the Companies Act. 2013 read togtdler with the Companies (Indian Accounting Standards) Rules, 201S(as amended), and accordingly, erstwhUe Indian Generally Accepted Accounting PriDdples (GAAP) results fot and year ended 31st March, 2017 have been reinstated to make the results comparable. The above standalone financial results for thc quarter ended 31 March 2018 have been reviewed by the Statutory Auditors as required under RtgU)at!on 33 of tbe ~ Obligation and Disclosure Requirements) Regulation 2015. In compliance to lnd AS-18 SEnt (listing Obligation and Disclosure Requirements) Regulation 2015, the reported revenue for the quarter ~d year ended 31st Mart were Inclusive of Excise Outy.Coods and Services Tax (CST) has become applicable w.e.r. 1stfuly, 2017, the revenue for the ~rter ended 31st Marc b. 2018 b.asbec net of GST, hcnce not comparablc with corresponding periods. As the Company has a single reportable Sl'gment, the segment wise disclosure requirement oflnd AS 108 on operating segment Is not appl.ica.ble to ~ Investment in equity shares have been carried at fair value under lnd·AS against cost basis under erstwilde IGAAP. Previous Year's/Quarter's Figures have been regrouped/rearranged/recast wherever n~ssary. The figures oflast quarter of 3 t st March, 20 t 8 and 31st March, 2017 are the balancing figures betwHn audited ftgUrCS In respect of tbe fuU flAaDc:lal J"UU' aAd the published year to date figures upto the third quarter. Financial Results for this peroid have been prepared and presented ln accordance with tbe ~ition and me~nt principles or I The Company may review Its accounting policies or its use of exemptions and accordingly, the consequent changes In the accountlJ:I« ~ considered In the financtal results orthe susb~uent quarters within the financial ~ar ending 31st March, 2018 as proVlded ln lnd-Standards•. { z Holda (.')

30.05.20~

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SNMG & COo CIIARTERED ACCOUNT ANTS

F-378, Sarita Vihar, New Dclhi-110076 Ph. 29948663/29948664 Fax : 26948000

email : ~ar~.trk58@gmait.com

Auditor'!& Ut>port On Ounrterly Standalone Finnncinl Results and Con~olidgted Year t~ Date lte!!ults of the Compnny I P,ursuant to the Rceulation 33 of the SEDI cu~tins: Obligntion!C nnd Uisclosurc Rcqulrcmcn,ts) Regulations. 2015

To,

The Doard of Directors

CIIADIIA I'APERS LTD.

\Ve have audited the quarterly consolidated financial results of Chadha Papers Limited for the quarter ended 3151 March 2018 and the consolidated year to date results for the period 151 April, 2017 to 3 P' March 2018, attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SElll (Listing Obligations and Disclosure Requirements) Regulations, 2015. These consolidated quarterly financial results as well as the consolidated year to date financial results have been prepared from consolidated interim financial statements. which are the responsibility of the company's management. Our responsibility is to express an opinion on these consolidated financial results based on our audit of such consolidated interim financial statements, which ha\'c been prepared in ~ccordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 for "Interim Financial Reponing" (Ind-AS 34), manadatcd under Section 133 of the Co~panies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.

We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perfonn the audit to obtain reasonable assurance about whether the financhtl results are free of material misstatement(s). An audit includes examining. on a test basis, evidence supporting the amounts disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by management. We believe that our audit provides a reasonable basis for our opinion.

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the extent they h~we been derived from such interim financial statements is based solely on the report of such other auditor.

In our opinion nnd to the best of our information nnd according to the explnnntions given to us these consolidntcd quarterly financial results as well as the consolidated year to date results:

(i) include the quarterly financial results and year to date of Manorllmll Pnpcr Mills Limited ( the subsidiary company);

(ii) have been presented in accordance with the requirements of Regulation 33 of the SEDI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in this regard; and

(iii) give a true and fair view of the consolidated loss and other financial information for the quarter ended 31 51 March, 2018 ns well as the consolidated year to date results for the period from 151 April, 2017 to 3111 March 2018.

Place: New Delhi Date: 30-05-201 8

For SNMG & Co. FRN : 004921N

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artner M.No.:083911