FOMENT0 RESORTS AND HOTELS LIMITEDUnit : Cidade de Goa, Vainguinim Beach, Goa - 403 004, India.

Tel.: 91 (832) 2454545 Fax : 91(832) 2454541 / 42CIN : L5510lGA1971PLC000113

Email: cs@cidadedegoa.com, Website: www.cidadedegoa.com

FRHL/BSE/533/ 18

To,BSE Limited25th Floor, P.J.Towers,Dalal Street,Mumbai-400001

Dear Sir,

Sub: Outcome of the Board MeetlnScrip Code: 503831

February 10, 2018

Pursuant to Regulation 33 of SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, we would like to inform that the Board ofDirectors at its meeting held today has considered and approved the following;

1. Unaudited F`inancial Results for the quarter and nine months endedDecember 31, 2017. We enclose herewith the statement of Un-AuditedFinancial Results along with a copy of the Limited Review Report by theAuditors;

2. Postal Ballot notice seeking approval of the shareholders pursuant toSection 62(3) of the Companies Act, 2013 and appointedMr. Shivaram Bhat, Practicing Company Secretary as a Scrutinizer forthe postal ballot process.

The Board Meeting commenced at 11:30 a.in. and concluded at 3:30 p.in.

Kindly take the above on record and disseminate the information.

Thanking You ,

Yours faithfully,F`or FOMENTO RESORTS AND HOTELS LIMITED

r-\\ cAJ|ASMEETA MATONDKARCOMPANY SECRETARY

FOMENT0 RESORTS AND HOTELS LIMITEDUnit : Cidade de Goa, Vainguinim Beach, Goa - 403 004, India.

Tel.: 91 (832) 2454545 Fax : 91(832) 2454541 / 42CIN : L5510lGA1971PLC000113

Email: cs@cidadedegoa.com, Website: www.cidadedegoa.com

UnauditedFinancialResultsfortlieQuarterandNinemonthsendedDecember31,2017

SINo Partlculars

Quarter EndedRs. In LakhNineMI)nthsEnded

December 31 September30,2017Unaud'ted December 31 D Decem ber 31,2016Z017unaudited 2016

eceml)er 31,2017

12I12345'„IVVVl123V'lVllI12lxXX'

I RevenueRevenue from Operatlons

1.833 06

I849.51 Unaudited1,79503 Unaudited3.9751138770 Unaudited4.270 034148

Other IncomeTotal Income

1 20 78 139 40 145 831,953.84 988.91 1,940.86 4,362.81

3468486

I Expenses

17410 107.83 172 02 423 26 452 02Cost of food and beverages / supplies consumedEmployse Benefit ex neepeFin8nceCosts 35916 33t80 358 91 1.009 85 1 031 69

Depreciation and Amortisation E140 47 136'50 140 91 414 68 417 33xpensesOtherExpensesTotalExpenses 6298 6260 6810 187 52129110 200101351448171 37812 474 33

1,21842 1,016.85 I,214.27 3,326.411345255

Profit/ (loss) before exceptlonal Items and tax735.42 (Z7.94) 726.59 1,036.40 1,23Z.31

Exceptional items

Profit / (loss) before tax735.4Z (27.94) 726.59 1,036.cO 1 232 31

Tax (Expense) / CI.edit

(310 43) (36.99) (313 83) (517 60) (607 83)

Current TaxDeferred TaxEariler Year Taxes (4 59) 1021(001) 932 864(001) 3105

PJofit / (loss) for the period4ZO.40 (54.73) 422.08 527.43 655 S3

Other Co mprehensive Income

754 1070 1839 2260 5517(I) Items that will not be rectassified to profit or loss

(il) Income tax related to the Items that will not be reclassified to proft orloss

(2 61) (3 70) (6.36) (7 82) (19 09)

(I) Items that will be reclassified to profit or loss

(H) Income tax related to the Items that will be reclassified to profit or loss

Total Comprehensive Income for tlie I)erlod4Z5.33 (47.73) 434.11 542.Z1 691 61

Paid up equity share capital1,600 002462.46 1.GOO 00(051)(a51) 1.600 002.472.47 1.600 00280280 1.600 00360360

Eamings Per Equity Share (Face Value of Rs 10 per share) (Rofer note 8)1Basic(inR9)

2 Diluted /jn Rs )

Notes:

1 The Company has adopted lndlan Accounting Standards (Ind AS) from April 01, 20" the date of transitlon belng Apul 01,2016 Accordingly, these flnanclal

results have been prepared in accordance with the Companies (Indlan Accounting Standards) F`ules, 2016 (Ind AS) as prescribed under Sect(on 133 of the

Companies Act, 2013.

Continuation Sheet No.

2 The flnanclal results for the quarter and nlne months ended December 31, 2016 have not been audited or revtewed and have been presented based on the

information compiled bv the management after making the necessary adjustment to give a true and fair view of the results in accordance with lnd AS. However

the management has exercised due diligence to ensure that the financial results provide a true and fair view of Its affalrs

3 The Statement does not include results for the previous year ended March 31, 2017 as the same is not mandatory as per Circular No. CIR/CFD/FAC/62/2016

dated Julv 05,2016.

4 The reconciliation of net profit or loss reported in accordance with Indian Generally Accepted Accounting Principles ("lGAAP") to total comprehensive income in

accordance with lnd AS is given below:

Nature of AdJilstment

Net Profit Reconciliation

3 Months ended Del:ember 31 Year to date period ended2016 December 31,2016

Profit / (loss) after tax as per Indian GAAP (A) 565 36(18.39) 1,085.36(5517)

GAAP Adjustments

Actuarial gain on retlrement benefits recogn)zed in OCI

Deferred tax on above 6.36 1909

Amortised cost on preference shares (131.25) (393.75)

Total Impact (8) (143.Z8) (4Z9.83)

Profit / (loss) after tax as per lnd AS ( A+a) 4ZZ.08 655.53

Actuarial gain on retirement benefits recognized to OCI 18.39 55.17

Deferred tax on above (6.36) (19.09)

Total Comprehensive Income as per lnd AS 434.11 691.61

5 Remeasurement of post employment benefit obligation for three months and nine months ended December 31, 2016 represents estimated actuarial (gain) /

loss based on the actuarial valuation report of immediate previous financial year end. For the three months and nine months ended December 31, 2017, the

actuarial (gain) / loss is estimated based on the actuarial valuation report as at September 30, 2017

6 Disclosure of Segment wise information i5 not applicable, as hoteliering is the Company's c)nly business segment.

7 The results for the nine months are not indicative of a full year`s working diie to the seasonal riature of the lndian Hotel Industry.

8 Earnings Per Equity Share are not annualised

9 Previous year flgures have been regrouped or rearranged, wherever necessary.

10 The above unaudited financial results have been reviewed by the Audit Committee and approved bv the Board of Directors at its meeting held on February 10,

2018 The statutory auclltors have carried out a limited review of the above financial results.

For and on Behalf of the Board of Dlrectors of

I:omento Resorts and Hotels Limited

Place: Vainguinim Beach, Goa

Date: February 10, 2018

f.::.:,::`::.`TT'``.`.-f

\

SUDHA SURESH PAI & ASSOCIATES

Chartered Accountants

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM FINANCIALRESULTS

TO THE BOARD 0F DIRECTORS OF FOMENTO RESORTS AND HOTELS LIMITED

1. We have reviewed the accompanying Statement of Unaudited Financial Results ofFomento Resorts and Hotels Limited (`the Company'), for the quarter and ninemonths ended December 31, 2017(`the statement'), being submitted by the Company

pursuant to the requirement of regulation 33 of SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAG/62/2016dated /uly 5,2016.

This Statement which is the responsibility of the Company's Management and approvedby the Board of Directors, has been prepared in accordance with the recognition andmeasurement principles laid down in the Indian Accounting Standard 34 ``InterimFinancial Reporting" (`Ind AS 34'), prescribed under section 133 of the Companies Act,2013 read with relevant rules issued thereunder and other accounting principles

generally accepted in India. Our responsibility is to issue a report on the Statementbased on our review.

2. We conducted our review of the Statement in accordance with the Standard on ReviewEngagement (SRE) 2410 `Review of Interim Financial Information Performed by theIndependent Auditor of the Entity', issued by the Institute of Chartered Accountants ofIndia. This Standard requires that we plan and perform the review to obtain moderateassurance as to whether the Statement is free from material misstatement. A review islimited primarily to inquiries of Company personnel and analytical procedures appliedto financial data and thus provides less assurance than an audit. We have not performedan audit and, accordingly, we do not express an audit opinion.

3. Based on our review conducted as above, nothing has come to our attention thatcauses us to believe that the accompanying Statement, prepared in accordancewith the aforesaid Indian Accounting Standards and other accounting principles

generally accepted in India, has not disclosed the information required to bedisclosed in terms of Regulation 33 of SEBI (Listing Obligations and DisclosureRequirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAG/62/2016dated July 5,2016, including the manner in which it is to be disclosed, or that it containsany material misstatement.

Address : S- 15, Regency Plaza, Near Popular High School, Margao, Goa, India 403,601Tel : +91 0832 2702559

SUDHA SURESH PAI & ASSOCIATES

Chartered Accountants

4. The comparative financial information of the Company for the quarter and nine monthsended December 31, 2016prepared in accordance with Indian Accounting Standards

(`Ind AS'),. are derived based on adjustments to figures reported as per previouslyapplicable Generally Accepted Accounting Principles (`Previous GAAP') for the same

period. The financial results for the quarter and nine months ended December 31,2016prepared as per Previous GAAP were reviewed by the erstwhile statutory auditors,whose reports have been furnished to us and have expressed an unmodified conclusion.We have relied upon these reports for the purpose of our review.

The figures for the quarter and nine months ended December 31, 2016 prepared as perlnd AS have been approved by the Company's Board of Directors and were / are notreviewed either by the erstwhile statutory auditors or by us.

Our report is not modified in respect of this matter.

For Sudha Suresh Pal and AssociatesChartered Accountants

Firm Registration No.118006W

~,+"\'T!

97

Suresh Pal M VPartner

Membership No. 046235Place: Margao- Goa

Date: February 10, 2018