LODHA&coChartered Accountants

LIMITED REVIEW,REPOffi

To,The Board of DirectorsSUDAL lndustries LIMITED

We have reviewed the accompanying statement of unaudited financial results of SUDALlndustries LIMITED for the quarter/nine months ended 31"t December,2013 ("the statement")except for the disclosures regarding 'Public Shareholdinj' and 'Promoter and Promoter GroupShareholding'which have been traced from disclosures made by the management and have notbeen reviewed by us. The statement is the responsibility of the Company's Management and hasbeen approved by the board of directors. Our responsibility is to issue a report on these financialstatements based on our review.

We conducted our review of the statement in accordance with the Standard on ReviewEngagements (SRE) 2410, "Review of lnterim Financial lnformation Performed by thelndependent Auditor of the Entity" issued by the lnstitute of Chartered Accotirtants of lndia. ThisStandard requires that we plan and perform the review to obtain moderate assurance as towhether the financial statements are free of material misstatement. A review is limited primarily toinquiries of company personnel and analytical procedures applied to financial data and thusprovide less assurance than an audit. We have not performed an audit and accordingly, we do notexpress an audit opinion.

Based on our review conducted as above, nothing has come to our attention that causes us tobelieve that the accompanying statement of unaudited financial results prepAred in accordancewith the accounting standards notified under the Companies Act, 1956 (which continue to beapplicable in respect of section 133 of the Companies Act 2013, in terms of General Circular1512013 dated 13th September,2Ql3 of the Ministry of Corporate Affairs) and other recognizedaccounting practices and policies has not disclosed the iniormation required to be disclosed interms of Clause 41 of Listing Agreement including the manner in which it is to be disclosed, or thatit contains any material misstatement.

6, Karim Chambers, 40, A. Doshi Marg,(Hamam Street), Mumbai 400 001. lNDlA.Telephone : 0091 -2269 1 41 4 I 2269 1515

0091 -4002 1 1 40 I 4002 1 41 4: O091-22-2261 9983: mumbai@lodhaco.com

FaxE-mail

MumbaiFebruary 14,2014

For Lodha and Co.Chartered Accountants

\,0*hR.P. BaradiyaPartnerMembership No. 44101lCAl Firm Registration No.3010SlE

SUDAL INDUSTR]ES LIMITED

Corporate office: 264, Nariman Bhavan ,227 Nariman Point,

Mun-,bal - 400 021.

Statement of Unaudited Financial Results for the Quafter and Nine Months Ended 31,12,2013

sl. Particulars

Quarter Ended Nine Months Ended Year Ended

31.12.2013 30.09.201 3 31.12.2012 31.12.2013 31.12.2012 31.03.20't3

Unaudited LJnaudited Unudited unaudited Unaudited Audited

Part I

1

2

45

67

8

9

10

11

12

13

14

l6

ncome from operation

D Net Sales / lncome from Operations (Net of excise duty)

D Other Operating lncome

fotal lncome from Operations (a+b)

:xpenditure:

r) Cost of materials consumed

)) Change in lnventories offinished goods, work-in-

Progress and stock-in-trade

) Employee benefits expense

i) Depreciation and amortization expense

, Other Expenses

fotal Expenses)roflt from operations before other income, flnance cost and

)xceptional ltems ( l-2)

)ther lncome)rofit from ordinary activities before Jinance cost and

rxceptional items (3+4)

:inance Cost)roflv(Loss) from ordinary activities after flnance cost but

lefore exceptional items (5-6)

:xceptional ltemsrrofiv(Loss) from ordinary activities before tax (7+8)

fax expense\et ProfiV(Loss) from ordinary activities after tax (9-1 0)-xtraordinary items\et ProfiU(Loss) for the period (1 '1 -1 2)

Paid-up Equity Share Capital

(Face Value of ( 10 per share)

Reserues excluding Revaluation Reserve (as per balance

sheet of previous accounting year)

Earnings per Share (EPS)

- Basic EPS ( I )

- Diluted EPS ( < )

1,773.22

1,773.22

1,354.48

(81.42)'103.08

43.77

225.07

'1,644,98

128.24

128.24

122.89

s.as

(0.40)

5.7;

650.78

0.09

0.09

'1,802.09

1,802.09

1,'193.06

't'14.56

102.22

41.18

221.31

1,672.33

129.76

1.29

131.05

117.22

.13.83

13.83

0.4913.34

13.34

650.78

0.20

0.20

2,573.75

2,573.75

1,854.48

96.81

94.25

15.34

350.77

2,411.65

't62.10

162.10

140.56

21.54

21.54

0.2821.26

21.26

78

0.37

0.37

5,419.62

5,419.62

3,922.88

(1 0.1 3)

310.57

675.93

5,O25.22

394.40

1.29

395.69

356.43

as,zo

0.2039.06

39.06

650.78

0.60

0.60

7,689.69

7,689.69

5,77A14

(47.59)

316.1 1

I tJ.O/

1,041.14

7 ,201.47

488.22

0.01

4a8.23

366.35

'121.88

12 1 .88

2.201 19.68

'1 '19.68

2.06

2.06

78581

9,881.41

9,881.4'1

6,970.29

156.20

455.91

160.67

1,392.35

9,135.42

745.99

8.75

754.74

400.00

354.74

354.74'158.96

195.78

'195.78

l650:78

't,374.25

3.34

3.34

Part ll

A Particulars of Shareholdino

Public Shareholding

- No. of Shares

- Percentage of ShareholdingPromoters and Promoter Group Shareholding(a) Pledged / Encumbered

- Number of shares- Percentage of shares (as a % of the total

shareholding of promoter and-promoter group)

- Percentage of shares (as a % of the total

share cpital of the ComPanY)

(b) Non-encumbered

- Number of shares- Percentage of shares (as a % of the total

shareholding of promoter and promoter group)

- Percentage of shares (as a % of the total

share ceoital of the Comoanv)

2,724,818

41.87Vo

3,783,000

'100o/o

58.1 3%

2,724,818

41.870k

3,783,000

100%

58.130/o

2,724,818

46.840

3,093,000

1000h

2,724,418

41.874k

3,783,000

'100%

58 13%

2,724,818

46.84o/o

3,093,000

100%

53.1 60/0

2,724,818

41.8J"/,

3,783,000

'100%

58.130/o

lformation on investor's complaints for the quarter ended 31.1 2.20'1 3

Complaints Nns

nd et the beoinnino of the ouarter?eceived durino the ouarter-)isnosed df drrrino the ouarter

unresolved at the end ot tne ouanef

Notes :

2

4

The above results have been reviewed by the Audit Committee and approved at the meeting of the Board of Directors held on 14th February,2o14 and the

Statutory Auditors of the Company have carried out a'Limited Review' of the same

The Company is primirily engaged in the business of lvlanufaclurhg of Aluminium Extrusions and all the operations are located in india. Thus in terms of

accounting standard on 'segment Reporting" (AS -17), it'is theonly sdgment for operating purpose

The Deferred Tax Lia'bilities/Assets, if any will be er;ilPrevious yeads flgures have been recasU regroupe6- nL€eSsary

For and on behalf of the Board of Directors

Place :MumbaiDale :14.02.2014

f\P'{Mukesh V. Ashar

Financial Officer

r4!.\fivv-Shyantanu S. QFokhani

Jt. Managing Director