[,t;;.] loyal · 5.profit/(loss) from ordinary activites before finance cost & exceptional...

5
[,t;;. "] LOYAL equipments limited. (Formerly known as Loyal Equlpments Private Limited) Registered OffIce & Works: Block no. 35/1-2-3-4, Village: Zak, Ta: Dahegam. Tel.: +912718247236 Fax: +91 2716 269033 E-mail: [email protected] , www.loyalequipments.com ClN NO. U29190GJ2007PLC050607 "SMe (U)ihAMP AuntotltUD COMPANY Date: 28.05.2016 To, Compliance Department, BSE Ltd., P.J.Towers, Dalal Street, Fort, Mumbai - 400 001 Dear Sirs, Sub: under 33 ofSEBI and Disclosure Requirements) Re2Ulations. 2015 Script Code - 539227 Pursuant to Regulation 33 of SEBI (Listing Obligation and Obligation Requirement) Regulation, 2015, we enclose the copy of statement containing the standalone Audited Financial Results for the half year and year ended March 31, 2016, which has been approved at Meeting of board of Directors held today along with Form A. Further our board of Directors has recommended final dividend for the financial ye?r ended March 31 st , 2016 @ Rs. 0.50/- per Share i.e. 5.00% at the meeting held at May 28,2016 subject to approval of shareholders in Annual General Meeting This is for your information and record. Thanking you. Yours Faithfully, Enclosure - As above

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Page 1: [,t;;.] LOYAL · 5.Profit/(loss) from Ordinary activites before Finance Cost & Exceptional Items (3+4) 17978.57 -6261.79 6. Finance Cost 1653.81 1615.52 7. Profit/CLoss) from Ordinary

[t] LOYAL equipments limited (Formerly known as Loyal Equlpments Private Limited) Registered OffIce ampWorks Block no 351-2-3-4 Village Zak Ta Dahegam Tel +912718247236 Fax +91 2716 269033 E-mail infoloyalequipmentscom wwwloyalequipmentscom ClN NO U29190GJ2007PLC050607

SMe (U)ihAMP AuntotltUD COMPANY

Date 28052016

To

Compliance Department BSE Ltd PJTowers Dalal Street Fort Mumbai - 400 001

Dear Sirs

Sub Filin~ under Re~ulation 33 ofSEBI (Listin~ Obli~ations and Disclosure Requirements) Re2Ulations 2015

Script Code - 539227

Pursuant to Regulation 33 of SEBI (Listing Obligation and Obligation Requirement) Regulation 2015 we enclose the copy of statement containing the standalone Audited Financial Results for the half year and year ended March 31 2016 which has been approved at Meeting of board of Directors held today along with Form A

Further our board of Directors has recommended final dividend for the financial yer ended March 31st 2016 Rs 050- per Share ie 500 at the meeting held at May 282016 subject to approval of shareholders in Annual General Meeting

This is for your information and record

Thanking you

Yours Faithfully

Enclosure - As above

LOYAL EQUIPMENTS LIMITED Block No J~I2J$ Villogo Znk Dllhcgnm Gnndhhmgar (Gujnmt)

eIN No U291900J2007PLCO~0607 rMllIlf)nfOl1~loynlequlpmcnlcom Tel 2716-269033

Statement of Audited flnnnclol Rult for the half year amp year ended on 31032016

Prccccding 6 Year 10 dale njturc1 6 Months ended on

31032016 Months ended on for Ihe current period

Particulars 300912013

Audited Unaudilcd

I INCOME FROM OPERATIONS a) Net SaleslIncome from operations (Net of Excise Duty) 7578851 3552024 b) Other Operating Incomes 000 000 Total Income from Operation (Net) 7578851 3552024

2 EXPENDITURES a) Cost of Material Consumed 3324370 1712614 b) Purchase of Stock in Trade 000 000

c) Changes in Inventory of finished goods Work in progress and Stock-in-trade -26864 33433

d) Employees benefit Expenses 1059993 866276 e) Depreciation amp Amortisation Expenses 516509 494014 If) Other Expenditure 1022775 776731 Total Expcnses 5896783 4183965

3Profit(Ioss) from Operations before Other Income Finance Cost amp 1682068 -631941

Exceptional Items (1-2)

4 Other Income 115789 5762

5Profit(loss) from Ordinary activites before Finance Cost amp Exceptional Items (3+4) 1797857 -626179

6 Finance Cost 165381 161552

7 ProfitCLoss) from Ordinary activities after finance cost but before 1632476 -787731 Exccptional Items (5-6)

8 Exceptional Items 000 000

9 Profit (+)lLoss (-) from ordinary activities before tax (7+8) 1632476 -787731

10 Tax Expenses 319337 000

11 Net Profit (+)1 Loss (-) from ordinary activities after tax (9-10) 1313139 -787731

12 Extra Ordinary Items (Net of tax Expenses) 000 000

13 Net Profit (+)Loss (-) for the period (11-12) 1313139 -787731

14 Paid-up equity share capital (Face Value ofRs 10 Each) 6800000 6800000

15 Reserve excluding Revaluation Reserve as per balance shcct of previous 3363025 3363025

accounting year

16 Earnings Per Share (EPS) a) Basic amp Diluted EPS (before Extraordinary items) (ofRs 101- each (not to

209 000be annualized) b) Basic amp Diluted EPS (after Extraordinary items) (ofRs 101- each (not to be

209 000annualized) Noles I Ihe aoove resulls have bocn revwed by Ihe aUellt comnutiee amp approved by Ihe Hoard 01 Udorst Ihe Mcchng held on 1~1h May lUlb 2 Tho Compnny has only one Business Segment ie Manufacruring of Engineering Goods as well as Single Geographical Segment ic Gujaral 3 The Board of Dircctors have proposes final dividend5(ie Rs 050 per Equily Share) to the Shareholders of the Company 4 Since the Companys Shares arc listed wcf July 2015 on the BSE SME Platfonn the ligures of the corresponding six months ended in previous year

arc not applicable hence not given 5 Previous Periodyear figures have been re-goruped re- classified wherever considered necessary 10 confinn curren PcriodlYear classificalion

ended 311032016

Audllcd

11130875 000

11130875

5036984 000

307466

1926269 1010523 1799506

10080748

1050127

121551

1171678

326933

844745

000

844745

319337

525408

000

525408

6800000

3363025

084

084

(lbIlnOOOmiddot

Ycar lodIO nKJIIlJI

ror Ihe prtwlWII ycar cllded JIOJJ201~

Audllcd

14856849 000

14856849

8682985 000

-806576

1547536 1029484 1565715

12019144

28377_05

15271

2852976

341936

2511040

000

2511040

874632

1636408

000

1636408

3000000

1986057

344

344

Place Ahmedabad Date 280512016

LOYAL EQUIPMENTS LIMITED

Dluk Hu 3)lZ3ct Villa poundak DullUII1 OWlllllillultl1 (OujltllUl)

CIN No U29190GJ2007PLC050607 E-Mail ID-infoloyalequipmentscom Tel 2716-269033

Statement of Assets amp Liabilities

(Rs in()OO)

Figures liS lit year ended Particulars 31032016 31032015

(Audited) (Audited) A EQUITY AND LIABILITIES I) Shareholders Funds a) Share Capital 6800000 300000b) Reserve amp Surplus 2731477 3363025 C) Money received against share warrants 000 000

Sub-total- Shareholders fund 9531477 6363()2

2) Share Application Money Pending Allotment 000 1)0

3) Non-Current Liabilities a) Long-Term Borrowings 950000 1747amp43 b) Deferred Tax Liabilities (Net) 73183 144293 c) Other Long-Term Liabilities 000 ()OO d) Long-Term Provisions 187740 ()OO

Sub-total - Non Current Liabilities 1210923 1892136

4) Current Liabilities a) Short-Term Borrowings 3107562 1951129 b) Trade Payables 1313728 14813 35 c) Other Current Liabilities 3286977 179398 d) Short-Term Provisions 741353 980156

Sub-totnl - Current Linbilities 8lt1lt19610 lt1591018

0

5

0

TOTAL - EQUITY AND LIABILITIES1 191920201 12847179 BASSETS 1) Non-Current Assets a) Fixed Assets

i) Tangible Assets 4770843 5128344 ii) Intangible Assets 306078 271359

b) Non-Current Investments 40000 40000 c) Deferred Tax Assets (Net) 000 000 d) Long-Term Loans amp Advances 98752 4352 e) Other Non-Current Assets 276536 000

Sub-total - Non Current Assets 5492208 5444055

2) Current Assets a) Current Investments 1592038 000 b) Inventories 6156094 4508895 c) Trade Receivables 1798160 1414623 d) Cash and Cash Equivalent 3429132 110580 e) Short-Term Loans and Advances 280502 000 f) Other Current Assets 443886 1369027

Sub-total - Current Assets 13699812 7403124

TOTAL ASSETS 1 191920201 12847179

For Loyal Equipments Limit~

~ OlAlkesh R Patel I~ ~ Managing Director ) 0gt DIN 01307699 + Place Ahmedabad -Date 28052016

FORMA (For Audit Report with unmodified opinion)

Name of the com an1 Lo al E ui ments Limited 31 st March 20162 Annual financial statements for the ear ended

3 T e of Audit Observation Un Modified Not A 1ic(1hle4 Frequency of Observation

To be si ed b - Mallagilig DinlLurs

5

Mr Alkesh Rameshchandra Patel DIN 02672297 CFO

Mr Amit Patel Auditor of the Company

For J M PATEL amp BROS Chartered Accountants FRNo 107707W

(1 M Patel) Proprietor MNo 30161

Audit Committee Chairman

Mr BalJubhai Bhulabhai PaLtl

Date - 28052016 Place - Ahmedabad

J M PATEL amp BROS CHARTERED ACCOUNTANTS

204 lJA RSH A VFNUE NAVJ1V AN PRESS ROAD

INCOME TAX AHMJlDABAD PHONE NO 27541460

AUDITORS REPORT ON HALF YEARLY FINANCIAL RESULTS AND YEAR TO DATE RESULTS OF LOYAL EQUIPMENTS LIMITED PURSUANT TO REGULATION 33 OF THE SEllI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATION 2015

To Board of Directors Loyal Equipments Limited Ahmedabad

We have audited Half Yearly financial results of Loyal Equipments Limited for the Half Year ended on 31 sl

March 2016 amp year to date results for the period from 01 51 April 2015 to 31 51 March 2016 attached herewith being submitted by the company pursuant to the requirement of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 201i These hllif yellfly fimmcill results as well as Lht ytar to date financial results have been prepared on the hasis of interim tinanci(ll stlltements w hich llre the responsibility of companys management Our responsibility is to express an opinion on these financial results based on our audit of such interim financial results which have been prepared in accordance with the recognition amp measurement principal laid down in Accounting Standard for Interim Financial Reporting (AS 25 Ind AS 34) prescribed under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder as applicable and other accounting principal generally accepted in India

We conducted our audit in accordance with the auditing standard generally accepted in India Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement(s) An audit includes examining on a test basis evidence supporting the amount disclosed as financial results An audit also includes assessing the accounting principles used and significant estimates made by the 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 us these half yearly results as well as year to date results

1 are presented in accordance with the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulltions 2015 in this regllrd llnd

1 give a true and fair view of thi nit profit and other finanoial information for tho half yoar ondod 31 51

March 2016 as well as year to date results for the period from 0 151 April 2015 to 31 51 March 2016

For J M PATEL amp BROS Chartered Accountants FRNo107707W

~ (J M Patel)

Proprietor MNo 30161

Date - 28052016 Place - Ahmedabad

Page 2: [,t;;.] LOYAL · 5.Profit/(loss) from Ordinary activites before Finance Cost & Exceptional Items (3+4) 17978.57 -6261.79 6. Finance Cost 1653.81 1615.52 7. Profit/CLoss) from Ordinary

LOYAL EQUIPMENTS LIMITED Block No J~I2J$ Villogo Znk Dllhcgnm Gnndhhmgar (Gujnmt)

eIN No U291900J2007PLCO~0607 rMllIlf)nfOl1~loynlequlpmcnlcom Tel 2716-269033

Statement of Audited flnnnclol Rult for the half year amp year ended on 31032016

Prccccding 6 Year 10 dale njturc1 6 Months ended on

31032016 Months ended on for Ihe current period

Particulars 300912013

Audited Unaudilcd

I INCOME FROM OPERATIONS a) Net SaleslIncome from operations (Net of Excise Duty) 7578851 3552024 b) Other Operating Incomes 000 000 Total Income from Operation (Net) 7578851 3552024

2 EXPENDITURES a) Cost of Material Consumed 3324370 1712614 b) Purchase of Stock in Trade 000 000

c) Changes in Inventory of finished goods Work in progress and Stock-in-trade -26864 33433

d) Employees benefit Expenses 1059993 866276 e) Depreciation amp Amortisation Expenses 516509 494014 If) Other Expenditure 1022775 776731 Total Expcnses 5896783 4183965

3Profit(Ioss) from Operations before Other Income Finance Cost amp 1682068 -631941

Exceptional Items (1-2)

4 Other Income 115789 5762

5Profit(loss) from Ordinary activites before Finance Cost amp Exceptional Items (3+4) 1797857 -626179

6 Finance Cost 165381 161552

7 ProfitCLoss) from Ordinary activities after finance cost but before 1632476 -787731 Exccptional Items (5-6)

8 Exceptional Items 000 000

9 Profit (+)lLoss (-) from ordinary activities before tax (7+8) 1632476 -787731

10 Tax Expenses 319337 000

11 Net Profit (+)1 Loss (-) from ordinary activities after tax (9-10) 1313139 -787731

12 Extra Ordinary Items (Net of tax Expenses) 000 000

13 Net Profit (+)Loss (-) for the period (11-12) 1313139 -787731

14 Paid-up equity share capital (Face Value ofRs 10 Each) 6800000 6800000

15 Reserve excluding Revaluation Reserve as per balance shcct of previous 3363025 3363025

accounting year

16 Earnings Per Share (EPS) a) Basic amp Diluted EPS (before Extraordinary items) (ofRs 101- each (not to

209 000be annualized) b) Basic amp Diluted EPS (after Extraordinary items) (ofRs 101- each (not to be

209 000annualized) Noles I Ihe aoove resulls have bocn revwed by Ihe aUellt comnutiee amp approved by Ihe Hoard 01 Udorst Ihe Mcchng held on 1~1h May lUlb 2 Tho Compnny has only one Business Segment ie Manufacruring of Engineering Goods as well as Single Geographical Segment ic Gujaral 3 The Board of Dircctors have proposes final dividend5(ie Rs 050 per Equily Share) to the Shareholders of the Company 4 Since the Companys Shares arc listed wcf July 2015 on the BSE SME Platfonn the ligures of the corresponding six months ended in previous year

arc not applicable hence not given 5 Previous Periodyear figures have been re-goruped re- classified wherever considered necessary 10 confinn curren PcriodlYear classificalion

ended 311032016

Audllcd

11130875 000

11130875

5036984 000

307466

1926269 1010523 1799506

10080748

1050127

121551

1171678

326933

844745

000

844745

319337

525408

000

525408

6800000

3363025

084

084

(lbIlnOOOmiddot

Ycar lodIO nKJIIlJI

ror Ihe prtwlWII ycar cllded JIOJJ201~

Audllcd

14856849 000

14856849

8682985 000

-806576

1547536 1029484 1565715

12019144

28377_05

15271

2852976

341936

2511040

000

2511040

874632

1636408

000

1636408

3000000

1986057

344

344

Place Ahmedabad Date 280512016

LOYAL EQUIPMENTS LIMITED

Dluk Hu 3)lZ3ct Villa poundak DullUII1 OWlllllillultl1 (OujltllUl)

CIN No U29190GJ2007PLC050607 E-Mail ID-infoloyalequipmentscom Tel 2716-269033

Statement of Assets amp Liabilities

(Rs in()OO)

Figures liS lit year ended Particulars 31032016 31032015

(Audited) (Audited) A EQUITY AND LIABILITIES I) Shareholders Funds a) Share Capital 6800000 300000b) Reserve amp Surplus 2731477 3363025 C) Money received against share warrants 000 000

Sub-total- Shareholders fund 9531477 6363()2

2) Share Application Money Pending Allotment 000 1)0

3) Non-Current Liabilities a) Long-Term Borrowings 950000 1747amp43 b) Deferred Tax Liabilities (Net) 73183 144293 c) Other Long-Term Liabilities 000 ()OO d) Long-Term Provisions 187740 ()OO

Sub-total - Non Current Liabilities 1210923 1892136

4) Current Liabilities a) Short-Term Borrowings 3107562 1951129 b) Trade Payables 1313728 14813 35 c) Other Current Liabilities 3286977 179398 d) Short-Term Provisions 741353 980156

Sub-totnl - Current Linbilities 8lt1lt19610 lt1591018

0

5

0

TOTAL - EQUITY AND LIABILITIES1 191920201 12847179 BASSETS 1) Non-Current Assets a) Fixed Assets

i) Tangible Assets 4770843 5128344 ii) Intangible Assets 306078 271359

b) Non-Current Investments 40000 40000 c) Deferred Tax Assets (Net) 000 000 d) Long-Term Loans amp Advances 98752 4352 e) Other Non-Current Assets 276536 000

Sub-total - Non Current Assets 5492208 5444055

2) Current Assets a) Current Investments 1592038 000 b) Inventories 6156094 4508895 c) Trade Receivables 1798160 1414623 d) Cash and Cash Equivalent 3429132 110580 e) Short-Term Loans and Advances 280502 000 f) Other Current Assets 443886 1369027

Sub-total - Current Assets 13699812 7403124

TOTAL ASSETS 1 191920201 12847179

For Loyal Equipments Limit~

~ OlAlkesh R Patel I~ ~ Managing Director ) 0gt DIN 01307699 + Place Ahmedabad -Date 28052016

FORMA (For Audit Report with unmodified opinion)

Name of the com an1 Lo al E ui ments Limited 31 st March 20162 Annual financial statements for the ear ended

3 T e of Audit Observation Un Modified Not A 1ic(1hle4 Frequency of Observation

To be si ed b - Mallagilig DinlLurs

5

Mr Alkesh Rameshchandra Patel DIN 02672297 CFO

Mr Amit Patel Auditor of the Company

For J M PATEL amp BROS Chartered Accountants FRNo 107707W

(1 M Patel) Proprietor MNo 30161

Audit Committee Chairman

Mr BalJubhai Bhulabhai PaLtl

Date - 28052016 Place - Ahmedabad

J M PATEL amp BROS CHARTERED ACCOUNTANTS

204 lJA RSH A VFNUE NAVJ1V AN PRESS ROAD

INCOME TAX AHMJlDABAD PHONE NO 27541460

AUDITORS REPORT ON HALF YEARLY FINANCIAL RESULTS AND YEAR TO DATE RESULTS OF LOYAL EQUIPMENTS LIMITED PURSUANT TO REGULATION 33 OF THE SEllI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATION 2015

To Board of Directors Loyal Equipments Limited Ahmedabad

We have audited Half Yearly financial results of Loyal Equipments Limited for the Half Year ended on 31 sl

March 2016 amp year to date results for the period from 01 51 April 2015 to 31 51 March 2016 attached herewith being submitted by the company pursuant to the requirement of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 201i These hllif yellfly fimmcill results as well as Lht ytar to date financial results have been prepared on the hasis of interim tinanci(ll stlltements w hich llre the responsibility of companys management Our responsibility is to express an opinion on these financial results based on our audit of such interim financial results which have been prepared in accordance with the recognition amp measurement principal laid down in Accounting Standard for Interim Financial Reporting (AS 25 Ind AS 34) prescribed under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder as applicable and other accounting principal generally accepted in India

We conducted our audit in accordance with the auditing standard generally accepted in India Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement(s) An audit includes examining on a test basis evidence supporting the amount disclosed as financial results An audit also includes assessing the accounting principles used and significant estimates made by the 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 us these half yearly results as well as year to date results

1 are presented in accordance with the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulltions 2015 in this regllrd llnd

1 give a true and fair view of thi nit profit and other finanoial information for tho half yoar ondod 31 51

March 2016 as well as year to date results for the period from 0 151 April 2015 to 31 51 March 2016

For J M PATEL amp BROS Chartered Accountants FRNo107707W

~ (J M Patel)

Proprietor MNo 30161

Date - 28052016 Place - Ahmedabad

Page 3: [,t;;.] LOYAL · 5.Profit/(loss) from Ordinary activites before Finance Cost & Exceptional Items (3+4) 17978.57 -6261.79 6. Finance Cost 1653.81 1615.52 7. Profit/CLoss) from Ordinary

LOYAL EQUIPMENTS LIMITED

Dluk Hu 3)lZ3ct Villa poundak DullUII1 OWlllllillultl1 (OujltllUl)

CIN No U29190GJ2007PLC050607 E-Mail ID-infoloyalequipmentscom Tel 2716-269033

Statement of Assets amp Liabilities

(Rs in()OO)

Figures liS lit year ended Particulars 31032016 31032015

(Audited) (Audited) A EQUITY AND LIABILITIES I) Shareholders Funds a) Share Capital 6800000 300000b) Reserve amp Surplus 2731477 3363025 C) Money received against share warrants 000 000

Sub-total- Shareholders fund 9531477 6363()2

2) Share Application Money Pending Allotment 000 1)0

3) Non-Current Liabilities a) Long-Term Borrowings 950000 1747amp43 b) Deferred Tax Liabilities (Net) 73183 144293 c) Other Long-Term Liabilities 000 ()OO d) Long-Term Provisions 187740 ()OO

Sub-total - Non Current Liabilities 1210923 1892136

4) Current Liabilities a) Short-Term Borrowings 3107562 1951129 b) Trade Payables 1313728 14813 35 c) Other Current Liabilities 3286977 179398 d) Short-Term Provisions 741353 980156

Sub-totnl - Current Linbilities 8lt1lt19610 lt1591018

0

5

0

TOTAL - EQUITY AND LIABILITIES1 191920201 12847179 BASSETS 1) Non-Current Assets a) Fixed Assets

i) Tangible Assets 4770843 5128344 ii) Intangible Assets 306078 271359

b) Non-Current Investments 40000 40000 c) Deferred Tax Assets (Net) 000 000 d) Long-Term Loans amp Advances 98752 4352 e) Other Non-Current Assets 276536 000

Sub-total - Non Current Assets 5492208 5444055

2) Current Assets a) Current Investments 1592038 000 b) Inventories 6156094 4508895 c) Trade Receivables 1798160 1414623 d) Cash and Cash Equivalent 3429132 110580 e) Short-Term Loans and Advances 280502 000 f) Other Current Assets 443886 1369027

Sub-total - Current Assets 13699812 7403124

TOTAL ASSETS 1 191920201 12847179

For Loyal Equipments Limit~

~ OlAlkesh R Patel I~ ~ Managing Director ) 0gt DIN 01307699 + Place Ahmedabad -Date 28052016

FORMA (For Audit Report with unmodified opinion)

Name of the com an1 Lo al E ui ments Limited 31 st March 20162 Annual financial statements for the ear ended

3 T e of Audit Observation Un Modified Not A 1ic(1hle4 Frequency of Observation

To be si ed b - Mallagilig DinlLurs

5

Mr Alkesh Rameshchandra Patel DIN 02672297 CFO

Mr Amit Patel Auditor of the Company

For J M PATEL amp BROS Chartered Accountants FRNo 107707W

(1 M Patel) Proprietor MNo 30161

Audit Committee Chairman

Mr BalJubhai Bhulabhai PaLtl

Date - 28052016 Place - Ahmedabad

J M PATEL amp BROS CHARTERED ACCOUNTANTS

204 lJA RSH A VFNUE NAVJ1V AN PRESS ROAD

INCOME TAX AHMJlDABAD PHONE NO 27541460

AUDITORS REPORT ON HALF YEARLY FINANCIAL RESULTS AND YEAR TO DATE RESULTS OF LOYAL EQUIPMENTS LIMITED PURSUANT TO REGULATION 33 OF THE SEllI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATION 2015

To Board of Directors Loyal Equipments Limited Ahmedabad

We have audited Half Yearly financial results of Loyal Equipments Limited for the Half Year ended on 31 sl

March 2016 amp year to date results for the period from 01 51 April 2015 to 31 51 March 2016 attached herewith being submitted by the company pursuant to the requirement of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 201i These hllif yellfly fimmcill results as well as Lht ytar to date financial results have been prepared on the hasis of interim tinanci(ll stlltements w hich llre the responsibility of companys management Our responsibility is to express an opinion on these financial results based on our audit of such interim financial results which have been prepared in accordance with the recognition amp measurement principal laid down in Accounting Standard for Interim Financial Reporting (AS 25 Ind AS 34) prescribed under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder as applicable and other accounting principal generally accepted in India

We conducted our audit in accordance with the auditing standard generally accepted in India Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement(s) An audit includes examining on a test basis evidence supporting the amount disclosed as financial results An audit also includes assessing the accounting principles used and significant estimates made by the 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 us these half yearly results as well as year to date results

1 are presented in accordance with the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulltions 2015 in this regllrd llnd

1 give a true and fair view of thi nit profit and other finanoial information for tho half yoar ondod 31 51

March 2016 as well as year to date results for the period from 0 151 April 2015 to 31 51 March 2016

For J M PATEL amp BROS Chartered Accountants FRNo107707W

~ (J M Patel)

Proprietor MNo 30161

Date - 28052016 Place - Ahmedabad

Page 4: [,t;;.] LOYAL · 5.Profit/(loss) from Ordinary activites before Finance Cost & Exceptional Items (3+4) 17978.57 -6261.79 6. Finance Cost 1653.81 1615.52 7. Profit/CLoss) from Ordinary

FORMA (For Audit Report with unmodified opinion)

Name of the com an1 Lo al E ui ments Limited 31 st March 20162 Annual financial statements for the ear ended

3 T e of Audit Observation Un Modified Not A 1ic(1hle4 Frequency of Observation

To be si ed b - Mallagilig DinlLurs

5

Mr Alkesh Rameshchandra Patel DIN 02672297 CFO

Mr Amit Patel Auditor of the Company

For J M PATEL amp BROS Chartered Accountants FRNo 107707W

(1 M Patel) Proprietor MNo 30161

Audit Committee Chairman

Mr BalJubhai Bhulabhai PaLtl

Date - 28052016 Place - Ahmedabad

J M PATEL amp BROS CHARTERED ACCOUNTANTS

204 lJA RSH A VFNUE NAVJ1V AN PRESS ROAD

INCOME TAX AHMJlDABAD PHONE NO 27541460

AUDITORS REPORT ON HALF YEARLY FINANCIAL RESULTS AND YEAR TO DATE RESULTS OF LOYAL EQUIPMENTS LIMITED PURSUANT TO REGULATION 33 OF THE SEllI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATION 2015

To Board of Directors Loyal Equipments Limited Ahmedabad

We have audited Half Yearly financial results of Loyal Equipments Limited for the Half Year ended on 31 sl

March 2016 amp year to date results for the period from 01 51 April 2015 to 31 51 March 2016 attached herewith being submitted by the company pursuant to the requirement of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 201i These hllif yellfly fimmcill results as well as Lht ytar to date financial results have been prepared on the hasis of interim tinanci(ll stlltements w hich llre the responsibility of companys management Our responsibility is to express an opinion on these financial results based on our audit of such interim financial results which have been prepared in accordance with the recognition amp measurement principal laid down in Accounting Standard for Interim Financial Reporting (AS 25 Ind AS 34) prescribed under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder as applicable and other accounting principal generally accepted in India

We conducted our audit in accordance with the auditing standard generally accepted in India Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement(s) An audit includes examining on a test basis evidence supporting the amount disclosed as financial results An audit also includes assessing the accounting principles used and significant estimates made by the 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 us these half yearly results as well as year to date results

1 are presented in accordance with the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulltions 2015 in this regllrd llnd

1 give a true and fair view of thi nit profit and other finanoial information for tho half yoar ondod 31 51

March 2016 as well as year to date results for the period from 0 151 April 2015 to 31 51 March 2016

For J M PATEL amp BROS Chartered Accountants FRNo107707W

~ (J M Patel)

Proprietor MNo 30161

Date - 28052016 Place - Ahmedabad

Page 5: [,t;;.] LOYAL · 5.Profit/(loss) from Ordinary activites before Finance Cost & Exceptional Items (3+4) 17978.57 -6261.79 6. Finance Cost 1653.81 1615.52 7. Profit/CLoss) from Ordinary

J M PATEL amp BROS CHARTERED ACCOUNTANTS

204 lJA RSH A VFNUE NAVJ1V AN PRESS ROAD

INCOME TAX AHMJlDABAD PHONE NO 27541460

AUDITORS REPORT ON HALF YEARLY FINANCIAL RESULTS AND YEAR TO DATE RESULTS OF LOYAL EQUIPMENTS LIMITED PURSUANT TO REGULATION 33 OF THE SEllI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATION 2015

To Board of Directors Loyal Equipments Limited Ahmedabad

We have audited Half Yearly financial results of Loyal Equipments Limited for the Half Year ended on 31 sl

March 2016 amp year to date results for the period from 01 51 April 2015 to 31 51 March 2016 attached herewith being submitted by the company pursuant to the requirement of Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 201i These hllif yellfly fimmcill results as well as Lht ytar to date financial results have been prepared on the hasis of interim tinanci(ll stlltements w hich llre the responsibility of companys management Our responsibility is to express an opinion on these financial results based on our audit of such interim financial results which have been prepared in accordance with the recognition amp measurement principal laid down in Accounting Standard for Interim Financial Reporting (AS 25 Ind AS 34) prescribed under Section 133 of the Companies Act 2013 read with relevant rules issued thereunder as applicable and other accounting principal generally accepted in India

We conducted our audit in accordance with the auditing standard generally accepted in India Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement(s) An audit includes examining on a test basis evidence supporting the amount disclosed as financial results An audit also includes assessing the accounting principles used and significant estimates made by the 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 us these half yearly results as well as year to date results

1 are presented in accordance with the requirements of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulltions 2015 in this regllrd llnd

1 give a true and fair view of thi nit profit and other finanoial information for tho half yoar ondod 31 51

March 2016 as well as year to date results for the period from 0 151 April 2015 to 31 51 March 2016

For J M PATEL amp BROS Chartered Accountants FRNo107707W

~ (J M Patel)

Proprietor MNo 30161

Date - 28052016 Place - Ahmedabad